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CC risks to companies?

CC risks to companies? 6 June 2019

Companies lag in climate–related disclosures – G20 Task Force (via Reuters)

By Susanna Twidale

Companies are failing to disclose sufficient detail about how exposed they are to the potential risks of climate change, a global task force said in a report on Wednesday.

Many investors have called on companies to provide better communication on how climate change could impact their businesses, amid concerns that assets are being mispriced because the full scale of the risk is not being factored in.

“Given the speed at which changes are needed to limit the rise in the global average temperature — across a wide range of sectors — more companies need to consider the potential impact of climate change and disclose material findings,” the report said.

The Task Force on Climate–related Financial Disclosures (TCFD), set up by the G20’s Financial Stability Board, found in its report that climate related disclosure had improved since 2016 but only about a quarter of companies disclosed information aligned with more than five of the TCFD’s 11 recommendations.

Read more via Reuters…