UK. MPs call for UK companies to disclose climate risks
The UK government should bring in rules within the next four years that require pension funds and UK-listed companies including banks to disclose climate-related risks, a committee of MPs has said.
The Environmental Audit Committee also said the government should immediately clarify existing rules around corporate risk disclosure to include material climate risks.
“We want to see mandatory climate risk reporting and a clarification in law that pension trustees have a duty to consider long-term sustainability, not just short-term returns,” said Mary Creagh MP, chair of the committee.
Read More: Financial Times
