Task force launches climate disclosure recommendations
Carney says better-informed investors will “back their convictions with their capital”
The Task Force on Climate-related Financial Disclosures (TCFD) has unveiled its package of recommendations on how firms should disclose their exposure to climate-change risks.
The industry group, which was formed by the Financial Stability Board (FSB), aims to persuade businesses to voluntarily disclose qualitative and quantitative assessments of their exposures, using a standardised format. "If you can't measure it, you can't manage it," said TCFD chair and founder Michael Bloomberg at the
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