The UK regulator has added its voice to the growing chorus of organisations urging companies to improve their disclosure of climate-related risks.
Image: Bernhard Staehli/Shutterstock
Over the past few weeks various organisations have called on companies to report, and make public, their climate-related risks.
This week the Financial Reporting Council, the UK’s watchdog currently in charge of corporate governance and company reporting, made itself heard with an emphatic message to boards and finance departments.
“The boards of UK companies have a responsibility to consider their impact on the environment and the likely consequences of any business decisions in the long-term,” it said in a statement.
“They should therefore address and, where relevant, report on the effects of climate change (both direct and
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