Companies Should Report Possible Climate Costs, Say Global Executives

The information should routinely appear in financial statements, according to recommendations to be presented to G-20 leaders

SOURCE: Bloomberg

DESCRIPTION:

Originally posted on Wall Street Journal.

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.

The Task Force on Climate-related Financial Disclosures, headed by the former New York City Mayor, in a report Wednesday said that greenhouse gas emissions pose a serious risk to the global economy.

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