All companies soon will have to account for climate risk — that was the clear message of the recommendations released in June by the G20 Task Force on Climate-related Financial Disclosures (TCFD), led by financial heavyweights Mark Carney and Michael Bloomberg. It is increasingly the message of shareholders, too. More than 100 CEOs signed up to support the TCFD recommendations at its launch.
For example, BlackRock has made it a top engagement priority to ask companies how they are assessing the risk that climate change poses to their operations.
Read the full article by Paul Simpson, CEO of CDP