Tuesday, April 23, 2019

500+ corporations reporting on climate risk for investors

For years, the Carbon Disclosure Project (now known as CDP because they’re focusing on related issues like water) has been encouraging public corporations to include climate related risks in their financial reports. Now over 500 corporations have agreed to standardize their reporting which will make it easier to compare one business to another. The Task Force on Climate-related Financial Disclosures (TCFD) released guidelines late in 2017 which limited how many corporations could integrate them into their 2018 financial reports, but hopefully more will adopt them in future years.


Companies are expected to address climate-related physical risks such as water scarcity or extreme weather events, as well as transitional risks such as changes in policy, technology, market or reputational issues that could create both risks and opportunities for the organization.

https://apple.news/Aa0usk3SBMv6BEgdLkohRsA

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