Pressure on for companies to report climate risks

Companies are facing increasing pressure to disclose how climate change will impact them in the future Companies are facing increasing pressure to disclose how climate change will impact them in the future.
By Annemarie Botzki 7 July 2017 0 26667
The TCFD is a wing of the G20’s Financial Security Board. (FSB)

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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