Global oil and gas companies are coming under increasing regulatory pressure to disclose how climate change will affect their businesses.
The Task Force on Climate-related Financial Disclosures (TCFD), a wing of the G20’s Financial Security Board, published recommendations in mid-June for companies and investors to report risks to their business posed by the changing climate. The recommendations are non-binding but have become a global benchmark text on the issue, endorsed by international investment giants and companies.
“Although the report won’t be adopted overnight by...
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