Task Force Issues Specific Guidance for the Financial Sector

SOURCE: Bloomberg

DESCRIPTION:

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."

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KEYWORDS: Environment & Climate Change, PGGM, tcfd, Task Force on Climate-related Financial Disclosures, esg, stranded assets

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