WBCSD Releases CEO Guide to Climate-related Financial Disclosures
The World Business Council for Sustainable Development (WBCSD) has released the CEO Guide to climate-related financial disclosures.
The new guide, written in partnership with the CEOs of 25 WBCSD member-companies, sets out clear actions that CEOs can take to align their organizations with the recommendations of the Taskforce for Climate-related Financial Disclosure (TCFD).
At the request of the TCFD Secretariat, WBCSD is supporting the Oil and Gas Preparer Forum to implement the TCFD Recommendations. Other sectors will be added in the coming months.
WBCSD President and CEO Peter Bakker said “To fulfil the ambitions of the Paris Agreement, we need a much wider view of the economy which incorporates environmental, social and governance-related factors. This will better inform financial decision-making over the long-term, while making business more accountable for the environmental and social impact of their operations.”
He added “By clearly laying out the steps that CEOs can take to reorient their view of economy, while detailing the benefits that this will provide, the CEO Guide to climate-related financial disclosures gives CEOs their best opportunity yet to lead this transition in their own companies.”
The CEO Guide to climate-related financial disclosures is WBCSD’s third publication in their CEO Guide series, following the CEO Guide to the SDGs and the CEO Guide to the circular economy which were published earlier this year.
For further information, read about WBCSD’s work on redefining value, reporting and non-financial measurement and valuation.
