Carney gives two years to refine climate risk disclosures

Mark Carney, governor at the Bank of England Credit: Bank of England

Climate risk reporting is too “uneven” and recommendations set by the Taskforce on Climate-related Financial Disclosures (TCFD) must be “refined” before they are likely to become mandatory, said Mark Carney, governor at the Bank of England (BoE). Speaking at an inaugural TCFD conference in Tokyo, Mr Carney said four fifths of the world’s top 1,100 companies disclose climate-related financial risks…

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