Firms must document climate impact on profits, Treasury says

Britain’s leading companies, investment funds and pension schemes must show by 2022 how the climate emergency could jeopardise their finances, under government plans to boost the UK’s green credentials.

Financial services firms will be expected to reveal
how climate emergency risk impacts their activities.

Firms must document within the two-and-a-half-year deadline how extreme weather and changes to climate rules, such as a ban on plastic packaging, could hit their profits.

The Treasury is also urging City banks to play a bigger role in supporting the UK meeting its legal target to create a net-zero carbon economy by 2050.

Read the story from The Guardian by Phillip Inman and Jillian Ambrose - “Firms must document climate impact on profits, Treasury says.”