The push for large companies to report how they assess and mitigate climate change-related risks to their businesses has taken another step forward as the European Bank for Reconstruction and Development (EBRD) has published guidance to help corporates disclose the long-term impacts of climate change in their financial results.
The financial services sector has long had concerns that companies and assets are being mispriced because climate risk is not being factored into financial reporting. This has prompted greater demand for more meaningful and transparent climate-related financial information.
