Daily CSR
Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

Global Task Force Making ‘Climate Risk’ An Integral Part Of ‘Corporate Governance’


The TCFD of global task force inquires about the corporate risk management preparations in light of global warming.

Dailycsr.com – 27 December 2016 – In an attempt to “prevent” the markets from receiving a “shock” due to the global warming effect, a task force has been set out on a global scale which will inquire with the companies about their methods of risk management in the light of the “climate change and greenhouse gas emission” besides seeking a disclosure on the same.
As of now, the recommended measures suggested by the “Task Force on Climate-Related Financial Disclosures”, in short TCFD, remain voluntary, there are talks of making it mandatory as some of the members would argue. While, the statement of Aviva Plc’s Chief Executive, Mark Wilson, puts it:
“Only then will climate risk become integral to corporate governance and how we all do business”.