FSB Climate Disclosure Framework Poised For 2020 Traction
By Ali Zaidi, Alexandra Farmer and Paul Tanaka (September 24, 2019, 5:17 PM EDT) -- On Sept. 23, the Climate Disclosure Standards Board and the Sustainability Accounting Standards Board launched a handbook aimed at providing techniques to enhance companies' climate-related financial disclosures. The handbook represents a next step in advancing implementation of the Task Force on Climate-related Financial Disclosures framework, an effort launched by the G-20's Financial Stability Board and chaired by former New York City Mayor Michael Bloomberg.
Despite remaining a voluntary framework, the TCFD has already attracted robust adoption. But the TCFD is positioned for significant additional traction very soon. Starting January 2020, signatories to the United Nations Principles for Responsible Investments, or UNPRI,...
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