Publication: Climate-Related Financial Disclosures: Thematic Module in the Integrated State-Owned Enterprises Framework (iSOEF)
Date
2022-06
ISSN
Published
2022-06
Author(s)
World Bank
Abstract
The current iSOEF provides guidance
on assessing SOE performance in an economy. Thisincludes the
rationale for SOEs and their economic outcomes, operational
efficiency, and corporate governance, as well as effective
government oversights on these enterprises and options for
reforming the sector. The iSOEF takes a modular approach,
allowing for a flexible application according to the
specific country context and development needs. Modules 1–4
address the role of SOEs in the market, their fiscal and
distributional implications, and their corporate governance
and accountability mechanisms. Module 5 takes a sectoral
perspective, focusing on state-owned financial institutions.
Finally, three thematic modules address cross-cutting
factors, such as corruption risks, political economy
considerations, and communication strategies. Each module
contains additional analytical tools, matrices,
questionnaires, key indicators, and other analytical
instruments to be used for diagnostics and assessment. This
diagnostic matrix proposes the inclusion of (i) a new
thematic module in the iSOEF to facilitatean assessment and
consideration of climate-related management and financial
disclosure, and(ii) a question on climate-related financial
disclosures under Module 4: Financial
Accountability,Controls, and Transparency, or “non-financial
reporting.”. This latter question is appropriateto indicate
the scope of the non-financial reporting concept and to
ensure that the iSOEF isadequately addressing it in both
theory and practice. This diagnostic matrix is structured as
follows. Chapter 1 sets the scene on why SOE regulators and
SOEs should focus on climate change, why a diagnostic matrix
is essential, and why a separate thematic module. Chapter 2
sets out the iSOEF Thematic Module on SOE Climate Related
Financial Disclosures, articulating the specific assessment steps.
Citation
“World Bank. 2022. Climate-Related Financial Disclosures: Thematic Module in the Integrated State-Owned Enterprises Framework (iSOEF). Climate Governance Papers;. © Washington, DC. http://hdl.handle.net/10986/37961 License: CC BY 3.0 IGO.”