7 March, 2021

Climate reporting: TCFD urges companies to disclose data

While recent speeches by Philip Hammond and Mark Carney—and a Greenpeace protest—have helped to focus attention on climate reporting, a status report from the Task Force on Climate-related Financial Disclosures says more needs to be done.

Image: Shutterstock

Last week climate emergency protestors from Greenpeace disrupted the annual Mansion House speech of the UK chancellor, Philip Hammond. A pep talk to the financial world’s great and good, this year’s event saw the chancellor remind the gathering that the UK government is in the process of legislating for a target of net-zero greenhouse gas emissions by 2050. Mark Carney, outgoing governor of the Bank of England, also spoke at the event, highlighting the work of the Task Force on Climate-related Financial Disclosures (TCFD), and its efforts to persuade companies to report publicly on their climate emergency risks. He echoed the TCFD’s

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climate change reporting, climate risk reporting, G20, risk management, Task Force on Climate-related Financial Disclosures, TCFD