G20 task force sets guidelines for climate-related disclosure
Voluntary framework acknowledges different rules, materiality across markets and companies
Singapore
A TASK force for the G20's Financial Stability Board (FSB) has issued its final recommendations on climate-related financial disclosures, giving a nod to different levels of materiality for different companies and emphasising harmony with countries' own reporting frameworks.
Following a public consultation, the task force has retained the bulk of the framework that was first announced in December 2016.
The voluntary framework recommends that organisations, including companies and asset managers, make disclosures around four themes: the organisation's governance around climate risks and opportunities; actual and potential impact of climate on business, strategy and financial planning, including scenario analyses …
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