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Big firms need to improve

Big firms need to improve 28 February 2020

World may miss carbon targets unless big firms improve – Mark Carney (via Guardian)

By Phillip Inman

Businesses must improve how they disclose their impact on the environment or risk failing to meet climate targets, the Bank of England governor, Mark Carney, warned the City on Thursday.

Without disclosure rules that allow investors to compare how businesses are meeting the climate challenge, the world risks missing targets to be carbon neutral by 2050, Carney said.

Speaking at a climate conference at the Guildhall in London, Carney said he wanted to pull together a set of rules ahead of November’s Cop26 climate summit in Glasgow to spur a switch of investment funds away from polluting industries in time to prevent a global temperature rise of about 1.5C.

Read more via The Guardian