Banks should disclose lending to companies with carbon-related risks, according to recommendations in a new report by the Task Force on Climate-related Financial Disclosures.
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| A new report outlines how companies should disclose climate-related information in their financial filings. |
The TCFD report – part of a G20 initiative led by governor of the Bank of England Mark Carney and former mayor of New York City Michael Bloomberg – outlines how companies should disclose climate-related information in their financial filings, with the aim of allowing economies to properly value climate-related risks.
It recommends companies disclose all of their direct and and indirect greenhouse gas emissions, and describe the risks and opportunities caused by climate change under a range of potential scenarios.
Read Michael Slezak’s story on The Guardian - “Banks should disclose lending to companies with carbon-related risks, says report.”
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