Ten major companies are to step up reporting of detailed information on the risks climate change posed to their business models within the next three years, under new pledges made today that could herald a sea change in business attitudes to climate-related disclosure.
The 10 firms, which include retail giant Marks & Spencer, Spanish energy provider Iberdrola, LED specialists Philips Lighting, and insurance major Aviva, have promised to adopt new climate risk guidelines set out this year by the Financial Stability Board’s Task Force on Climate-Related Financial Disclosures (TCFD).
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