Regulators to Firms-Own Up To Climate Risks: The Economist March 13, 2021 Get a handle on your firm’s vulnerability to physical climate risks; regulators (and investors) increasingly require it. Mandatory climate-related disclosures are gaining traction globally. Understanding future financial risks using the Task Force on Climate-Related Financial Disclosures (TFCFD) reporting standard includes carbon footprinting and climate-risk management.“Regulators like it because it focuses on material risks rather than environmental impacts, and because it asks of information about a firms’ future plans.” Material risks include impacts of flooding and water security on a firm's real assets.Climate-related financial disclosures are not only favored by regulators, but also financiers, who make up “almost half of the 1,800 companies that back the TCFD’s recommendations. Together they hold assets worth over $150TN and include the world’s ten biggest asset managers and eight of its ten biggest banks.” - The Economist Share: LinkedIn Older Post Climate. Risks. Matter. Newer Post Inviting Danger: How Federal Disaster, Insurance and Infrastructure Policies are Magnifying the Harm of Climate Change: Brookings
