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| ''Financial markets supervision''. | | ''Economics''. |
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| (CDSB).
| | An equation which defines the relationship between consumption and income. |
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| The CDSB was formed at the World Economic Forum’s annual meeting in 2007.
| | Usually defined as: C = a + bY |
| | where C = consumption, |
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| The CDSB seeks to standardise environmental information reporting through collaborating, identifying and coalescing around the most widely shared and tested reporting approaches that are emerging around the world.
| | a = consumption at zero income, |
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| | b = marginal propensity to consume, and |
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| The CDSB Framework therefore adopts relevant principles from existing standards and practices with which business is already familiar.
| | Y = income. |
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| The G20’s Financial Stability Board convened a Task Force on Climate-related Financial Disclosures (TCFD), which produced its final report in June 2017, establishing recommendations for disclosing clear, comparable and consistent information about the risks and opportunities presented by climate change.
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| There are significant parallels between the TCFD recommendations and the CDSB Framework, and the CDSB Framework is an essential tool for organisations seeking to implement the TCFD's recommendations.
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| == See also == | | == See also == |
| * [[Financial Stability Board]] | | * [[Marginal propensity to consume]] |
| * [[G20]]
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| * [[Standard Setting Body]]
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| * [[Task Force on Climate-related Financial Disclosures]]
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| * [[World Economic Forum]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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| [[Category:Compliance_and_audit]]
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| [[Category:Ethics]]
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| [[Category:Financial_products_and_markets]]
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Revision as of 06:41, 3 August 2013
Economics.
An equation which defines the relationship between consumption and income.
Usually defined as: C = a + bY
where C = consumption,
a = consumption at zero income,
b = marginal propensity to consume, and
Y = income.
See also
