Businesses are increasingly asked to demonstrate the long-term value of the business and show their progress on SDG targets.
Recently Ethical Corporation conducted an in-depth 1-hour webinar with industry experts to understand how you successfully integrate the SDGs into your reporting process and demonstrate that progression. Hear from Tetra Pak, PGGM, Coca-Cola Hellenic Bottling and WBCSD on:
LONDON—Companies should publish an assessment of the losses they could suffer through climate change as part of their routine financial statements, according to a panel of financial and business executives chaired by Michael Bloomberg.
A task force led by Michael Bloomberg and backed by Mark Carney has urged companies to disclose to investors the impact of climate change on their businesses.
The governor of the Bank of England and the billionaire media owner are behind a new set of recommendations designed to give investors, lenders and insurers a better idea about how climate change will affect individual businesses.
A key aim of the FSB Task Force is to encourage disclosures that "would enable stakeholders to understand better the concentrations of carbon-related assets in the financial sector and the financial system's exposures to climate-related risks."
More specifically, the Task Force says its recommendations are intended to "help organisations identify and disclose information needed by investors, lenders, and insurance underwriters to appropriately assess and price climate-related risks and opportunities."
Bank of England Governor and Chair of the Financial Stability Board Mark Carney has said the newly released report from the Task Force on Climate Related Financial Disclosures (TCFD) represents a breakthrough in managing the risks and opportunities related with climate change.