The Bruce Column — Explaining the issues around climate-related financial disclosures

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Apr 05, 2017

As Special Advisor to the Financial Stability Board’s Climate-related Financial Disclosures Task Force, the body which produced the Bloomberg Report on climate-related financial disclosures, Russell Picot, is at the forefront of efforts to encourage the disclosure of climate risks in annual reports. Robert Bruce, our regular, resident columnist has interviewed him and reports on the latest progress.

We are now in the midst of the period when the comments on the Bloomberg report on climate-related financial disclosures are being assessed. A final report is promised by the middle of the year. And one of the key people assessing the comments is the task force’s special advisor, Russell Picot.

We sat down together for an interview the other day, to talk through the issues behind the Bloomberg Report. "Its objectives", he said, "were to come up with recommendations within a voluntary framework for information to be published around climate risks and which would provide for information which would enable stakeholders to understand the distribution through the financial system of holdings of climate-related and carbon-related assets".

Read the entire column on our Global IAS Plus site.

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