The growing list of those who have got behind the task force includes more than 150 financial firms, responsible for assets of over $81.7 trillion (£61.2 trillion). Mr Carney said he was “delighted” with the support for the disclosure recommendations. He said that companies will start to put into practice the task force framework over the coming year. In June, the FSB’s task force drew up voluntary recommendations on climate-related information that companies should disclose to help investors, lenders, and others make sound financial decisions and assess climate-related risks. Former New York mayor Michael Bloomberg, chair of the Task Force, said: “Climate change poses both economic risks and opportunities.

Source: Irish Independent December 12, 2017 12:11 UTC