Why Companies Should Report Financial Risks From Climate Change

Source: MITSloan Management Review, 30 October 2017

Investors and the rest of the world are watching to see how companies will respond to the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) commissioned by Mark Carney, governor of the Bank of England and chair of the G20’s Financial Stability Board. Simply put, the TCFD is asking companies to report on their response to the risks and opportunities created by climate change. The TCFD emphasizes that these disclosures can be done in existing reporting formats (such as 10-Ks).

Read the full article by Robert G. Eccles and Michael Krzus