Across industries, companies are facing mounting water challenges. Drought, flooding, pollution, and competition for supply are no longer isolated events. They are becoming regular features of a changing climate and shifting regulatory landscape.
Investors need more information about the risks companies face from global warming so they can fund development of the new technologies that are needed to control climate change and mitigate its effects, a task force said Wednesday.
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.
Swiss Re announced on Wednesday that it will adopt the climate-related financial disclosure recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting.
After a year of intensive work, the Task Force on Climate-related Financial Disclosures (TCFD) today laid out its eagerly-awaited recommendations designed to help standardise and mainstream considerations about the impacts of climate change on companies.
Companies should use a range of existing, publicly-available climate-related scenario analysis or develop their own in order to assess the risks posed to their business by climate change, according to the Financial Stability Board (FSB) Task Force on Climate-Related Financial Disclosures (TCFD).
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."
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.
Unlike many cities where Sunday newspaper readership has tanked, plenty of Minneapolis residents still treasure delivery of a chunky Star Tribune as part of their weekend routine.
“It’s our meal ticket,” Business Editor Thom Kupper said of the 580,000-circulation Sunday edition during a 3BL Media event for sustainability communicators.
Those pitching Minnesota’s largest daily need to understand that the “digital first” mantra adhered to by print outlets in some markets does not apply for his team.
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