Companies can no longer hide their climate risk. The Financial Stability Board (FSB) is helping to standardize the approach to reporting on climate-related risks and opportunities, imploring organizations to identify and strategize around climate issues and tell investors how they are making these determinations. A recent lawsuit against an Australian Bank for inadequate disclosure of climate risks, among […]
Tag: climate disclosure
CSA to Review Climate-Related Disclosure and Reporting Requirements
MARCH 21, 2017 – The Canadian Securities Administrators announced their intention to review the climate-related disclosures prepared by large reporting issuers listed on the Toronto Stock Exchange. The three key components of this project include: This announcement comes on the heels of the London Stock Exchange Group’s guidance document that declared the importance of issuers integrating climate change-related […]
London Stock Exchange Joins Call for Greater Disclosure of Climate Risks
The London Stock Exchange Group (LSEG) recently published a guidance document, adding its voice to the choir declaring the importance of issuers integrating climate change-related information into investor reporting and communications, stating: Investors want to understand how issuers are responding to long-term and macroeconomic trends such as climate, demographic and technological change as well as political developments. […]
Building Climate Competency in Corporate Boardrooms
Corporate boards are not adequately equipped to deal with a changing climate, according to recent studies. There is growing interest in companies’ exposure to climate risk and how long-term shareholder value could be affected. As our understanding of climate impacts on business continues to grow, investors are pushing for climate-competent boards to better manage risk […]
TCFD Releases Phase 2 Report and Recommendations
Today, FSB’s Task Force on Climate Financial Disclosure (TFCD) released its Phase II report with recommendations for climate-related voluntary disclosures within mainstream financial reporting. The TFCD states clearly that climate change is “one of the most significant, and perhaps most misunderstood, risks that organizations face today” and that “the long-term nature of the problem makes it uniquely […]