City urged to attach 'climate risk' reports to pensions

MPs want mandatory climate reporting within three years to avoid risk to investments

Britain's biggest companies, investors and pension funds must come clean to investors on the financial risks they face due to the climate crisis, MPs have said.

The environmental audit committee (EAC) has called for the City of London to face mandatory climate reporting within the next three years to avoid jeopardising hundreds of billions of pounds worth of pension savings.