TCFD adherence grows as Moody’s points to climate risks

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By Jon Hay
27 Sep 2018

Progress was announced this week on two drives to assess the risk of climate change to businesses. The Task Force on Climate-related Financial Disclosures (TCFD) now has 513 supporters; and Moody’s has updated its environmental risk heat map, showing that 11 sectors with $2.2tr of debt have elevated risk.

The TCFD is one of the highest profile campaigns in sustainable finance, with entrepreneur Michael Bloomberg and central banker Mark Carney leading the charge. It aims to get all companies and all investors declaring in their annual reports how they perceive and address the risks and opportunities of ...

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