Financial Stability Board

Carney-Backed Report Urges Companies to Disclose Climate Change Effects

BoE governor and media billionaire behind proposals to better inform investors and lenders
Article

Originally posted in the Financial Times.

A task force led by Michael Bloomberg and backed by Mark Carney has urged companies to disclose to investors the impact of climate change on their businesses.

The governor of the Bank of England and the billionaire media owner are behind a new set of recommendations designed to give investors, lenders and insurers a better idea about how climate change will affect individual businesses.

Swiss Re Adopts Climate-Related Financial Disclosure Recommendations

Article

Originally posted in Canadian Underwriter

Swiss Re announced on Wednesday that it will adopt the climate-related financial disclosure recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).

TCFD Reaction: 'Turning Point for Climate Disclosure'

Article

Originally posted on Environmental Finance.

The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting.

TCFD's Long-Awaited Report Revealed

Article

After a year of intensive work, the Task Force on Climate-related Financial Disclosures (TCFD) today laid out its eagerly-awaited recommendations designed to help standardise and mainstream considerations about the impacts of climate change on companies.

TCFD Report Launch: Key Comments from Carney, Bloomberg, Schapiro, Lindeijer

Article

Bank of England Governor and Chair of the Financial Stability Board Mark Carney has said the newly released report from the Task Force on Climate Related Financial Disclosures (TCFD) represents a breakthrough in managing the risks and opportunities related with climate change.

Carney’s Departure Will Leave a Vacuum at the Top for Green Finance

His chairmanship of the high-level Financial Stability Board (FSB) where he was instrumental in forming the Task Force on Climate Related Financial Disclosures (TCFD).
Article

Originally posted on Responsible Investor.

Mark Carney, whose departure from his role as Governor of the Bank of England was announced yesterday, will leave a vacuum at the top of global policy making around ‘green finance’ and climate disclosure.

Carney, the former head of the Bank of Canada, will step down from the post in 2019.

Tata Steel, TCFD Organise Programme on Issue of Climate Change

Article

Originally posted on India Today.
Mumbai, Sep 22 (PTI) Tata Steel in collaboration with the Task Force on Climate-related Financial Disclosures (TCFD) today organised an outreach programme to discuss ways to manage risks and opportunities related to climate change.

Ceres Statement on the Occidental Shareholder Vote

Press Release

BOSTON - Momentum is building in the U.S. for better climate disclosure. Investors and analysts continue to send strong signals that Paris marked a turning point on climate action. On Friday, Occidental Petroleum announced the results of voting on a 2 degree stress testing resolution at its annual meeting, and yet again the votes represented a high-water mark on investor support for climate risk reporting in the U.S. reaching 48.99% of votes cast.

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