Companies helped to disclose climate risks in financial reports

A framework for integrating climate-related information into financial reporting has been set out by the Taskforce on Climate-related Financial Disclosures

Mark Carney is chair of the Financial Stability Board (FSB). Photograph: Bank of EnglandA common framework for setting out climate-related risks in financial reporting has been created by the Financial Stability Board’s Taskforce on Climate-related Financial Disclosures (TCFD).

The taskforce is part of a G20 programme led by Bank of England governor Mark Carney and former New York mayor Michael Bloomberg. It published its final report on climate disclosures on 29 June, following work advising companies how best to identify their climate change risks.

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