The prime minister reportedly wants the UK to “lead the way” on reporting climate risks, using guidelines from the Task Force on Climate-related Financial Disclosures.
The move to have UK companies report on climate-related risks using guidelines from the Task Force on Climate-related Financial Disclosures (TCFD) got underway in earnest this week. The UK has signalled its willingness to make the reporting guidelines mandatory, with amendments to legislation in the House of Lords that would give central government powers to force pension funds to use them. According to the pensions minister Guy Opperman, speaking at a conference run by the campaign group Principles for Responsible Investment (PRI), the prime minister wants to see the UK lead the way on TCFD implementation. Opperman told an audience of asset managers and owners that it was an “imperative” that in a post-Brexit world, the UK sho