World may miss carbon targets unless big firms improve – Mark Carney

Bank of England governor warns City about need for businesses to fully disclose climate impact

• Analysis: poor countries need clear finance pledges

Businesses must improve how they disclose their impact on the environment or risk failing to meet climate targets, the Bank of England governor, Mark Carney, warned the City on Thursday.

Without disclosure rules that allow investors to compare how businesses are meeting the climate challenge, the world risks missing targets to be carbon neutral by 2050, Carney said.