New climate risk push a game changer but investors call for mandatory rules

The risk of a devastating collapse in oil and gas companies’ share prices, when investors suddenly start pricing in climate change, is one scenario financial regulators are trying to ward off with the launch of new guidelines this week, which are a milestone in the world’s response to global warming.

  • By Jon Hay
  • 15 Dec 2016

The recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) were published for consultation on Wednesday, after a one year drafting process by leading financial and industrial firms, at the instigation of the G20’s Financial Stability Board (FSB).


Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

Global Green Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 372.83 2 9.55%
2 Bank of America Merrill Lynch 356.81 2 9.13%
3 JPMorgan 243.62 3 6.24%
4 UniCredit 231.81 2 5.93%
4 ING 231.81 2 5.93%