Designation:E2718−10StandardGuideforFinancialDisclosuresAttributedtoClimateChange1ThisstandardisissuedunderthefixeddesignationE2718;thenumberimmediatelyfollowingthedesignationindicatestheyearoforiginaladoptionor,inthecaseofrevision,theyearoflastrevision.Anumberinparenthesesindicatestheyearoflastreapproval.Asuperscriptepsilon(´)indicatesaneditorialchangesincethelastrevisionorreapproval.1.Scope1.1Purpose—Thepurposeofthisguideistoprovideaseriesofoptionsorinstructionsconsistentwithgoodcommer-cialandcustomarypracticeforclimatechange-relateddisclo-suresaccompanyingauditedandunauditedfinancialstate-ments.Thisguideencouragesconsistentandcomprehensivedisclosureoffinancialimpactsattributedtoclimatechange.1.2Objective—Theobjectiveofthisguideistodeterminetheconditionswarrantingdisclosureandthecontentofappro-priatedisclosure.2.ReferencedDocuments2.1ASTMStandards:2E2137GuideforEstimatingMonetaryCostsandLiabilitiesforEnvironmentalMattersE2173GuideforDisclosureofEnvironmentalLiabilities3.Terminology3.1DefinitionsofTermsSpecifictoThisStandard:3.1.1climatechange—anychangeinclimateovertimewhetherduetonaturalvariabilityorasaresultofhumanactivity.(DefinitionfromtheIntergovernmentalPanelonClimateChange.)3.1.2financialimpactsattributedtoclimatechange—materialfinancialimpactsonacompany’sperformance,operations,assets,andliabilitiesattributedtoclimatechangeeffects,includingbutnotlimitedtorealorexpectedrisksofphysicaldamagetofacilities,regulatorycostsandincentives,andshiftsinthemarketforproductsandservices.3.1.2.1Discussion—Inthisguide,theshortformdesigna-tionsof‘financialimpact’and‘impact’arealsousedtodesignatethisspecificconcept.3.1.3financialstatement(s)—include,butarenotlimitedto,statementsassociatedwithshareholderreporting,periodicreports,registrationstatements,loans,mergers,acquisitions,ordivestitures.Financialstatementsmayincludestatementsout-sideofSECfilings.3.1.4greenhousegas—includescarbondioxide,methane,nitrousoxide,hydrofluorocarbons,perfluorocarbons,andsul-furhex...
