A global accounting body proposed guidance for companies to better show the impact of climate change on their financial performance, stating standalone disclosures lack clarity for investors. The International Accounting Standards Board (IASB) launched a consultation on Wednesday on applying existing rules for reporting climate impacts in financial statements. These norms are used by listed companies in over 140 jurisdictions, including the EU, Canada, Japan, and Britain, though the U.S. has its own rules. While regulators have introduced sustainability disclosures, they are often published outside financial statements and audited less rigorously. The guidance aims to demonstrate how sustainability disclosures, like net-zero commitments, affect financial figures. Investors seek to understand how assets retain value amid climate risks.