Governor of the Bank of England warns that the global financial system needs to put climate-related risk “at the heart of decision-making”.
The pressure on companies to provide more and higher quality climate-related risk disclosures is only going to increase, according to the governor of the Bank of England.
Speaking at a special summit in Tokyo of the G20's Task Force on Climate-Related Financial Disclosures (TCFD), Mark Carney signalled that the demands on corporates to provide clearer information on their exposure to climate-related risk will only climb further as governments, regulators and investors focus their efforts on tackling the climate crisis.
Carney warned too that the transition by many companies and the development of a green financial system is not happenin
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