Tag: Task Force on Climate-related Financial Disclosures
Corporate and pension schemes must report climate change risk
Large companies and pension schemes must report climate change risk under current law and regulation, or face new legislation, warns the Environmental Audit Committee.
Investors’ fiduciary duty should ‘require’ attention to climate change
Investment campaign group calls for changes to investment regulation so that climate change and ESG factors are included fiduciary obligations.
MPs ask if voluntary climate-risk reporting recommendations are enough
A inquiry by UK MPs into green finance initiatives will also ask whether climate-change-risk disclosure recommendations from a G20 task force will work as a voluntary process.
Are directors courting legal action by keeping quiet on climate risk?
In Australia recently, shareholders filed legal action against Commonwealth Bank—it had allegedly failed to disclose climate risk accurately. Could this be the first of many such cases? How should directors report on climate change risks in the face of an uncertain future?