Companies Need to Disclose More on Climate Risks, Panel Says

SOURCE: Bloomberg

DESCRIPTION:

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.

An international panel, chaired by former New York City Mayor Michael Bloomberg, developed recommendations over the last year based on the idea that markets need more and better data to respond to the challenge of climate change.

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KEYWORDS: Business & Trade, Environment & Climate Change, tcfd, tcfdrecs, Task Force on Climate-related Financial Disclosures, esg, Financial Stability Board, FSB, news, Bloomberg, Michael Bloomberg

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