Firms must discuss the impact of specific climate change scenarios in their financial statements to ensure transparency, report says
SOURCE:Bloomberg
DESCRIPTION:
Mark Carney backed a raft of new measures to ensure businesses and investors do more to combat the “tragedy” of climate change.
The recommendations, published by an international task force headed by billionaire New York City mayor, Michael Bloomberg, said investors need more information about the risks companies face from global warming so they can properly allocate funds.
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KEYWORDS: Business & Trade, Energy, tcfd, tcfdrecs, Task Force on Climate-related Financial Disclosures, Mark Carney, esg, G20, group of 20, FSB, Bloomberg, Michael Bloomberg, Financial Stability Board
