Investors Ask Companies for More Action on Climate Change
Companies are being asked by investors to meet carbon emissions reduction targets agreed to in the 2015 Paris Agreement. A group organized by the G20 countries, the Financial Stability Board’s Task Force on Climate Related Financial Disclosures, has proposed a voluntary framework for companies to disclose financial risk related to climate change. According to Reuters, the group “aims to help investors, lenders, insurers and other stakeholders understand how firms manage climate risk and guide companies on information they should provide to explain their climate strategy.” In a Reuters survey, 13 public and corporate pension schemes managing a total $1.1 trillion said they were committed to engaging firms on their climate strategy. When that amount of investment talks, companies listen.
John Howell, Editorial Director
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