Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

A boon for U.K. financial services firms: climate disclosure guidance

Neil Hodge | June 19, 2018

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.

In response, the Financial Stability Board (FSB), the international body set up in the wake of the financial crisis to ensure better regulatory oversight of financial markets and financial risks, set up a Task Force on Climate-related Financial Disclosures (TCFD) in December 2015 to draft a voluntary framework on how companies can report on the potential impact that climate-...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.