Businesses no longer have an excuse not to disclose their climate risks
by Anne Simpson from on (#26YHR)
New recommendations will help companies to predict the impact of climate change on their finances - and give us more firepower to demand disclosure
It is vitally important for investors to understand the risks that climate change may pose to the businesses they have invested in - and the opportunities in transitioning to a low-carbon economy. It's not an easy task. Climate change may be one of the world's best-modeled processes in physics, but in finance, the information is scarce. The projections are opaque. There is no consensus on which data matters or how to interpret it.
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