Formal complaints have been made that two companies failed to adequately report their climate-related risk. Climate as a boardroom issue is here to stay.
Climate change is a boardroom issue. That has been clear for many monitoring environmental science and debate over recent years.
But it became abundantly clear at the beginning of this year when the G20’s Financial Stability Board set up a task force to develop guidelines for climate change financial disclosures.
The task force will develop a voluntary set of guidelines, but the emphasis is clear: G20 leaders believe companies should be reporting the risk presented by climate change for the benefit of shareholders and stakeholders.
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda