This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

FSB Task Force to develop climate-related financial disclosures

  • Leaf - sustainability (green) Image

06 Dec 2015

The Financial Stability Board (FSB) has announced that it is to create an industry-led disclosure task force on climate-related financial risks.

The Task Force will develop “voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders”.

It will seek to “develop a set of recommendations for consistent, comparable, reliable, clear and efficient climate-related disclosures, as set out in the FSB’s proposal in November”.

The first stage of work of the Task Force, expected to be completed by end-March 2016, will be to determine the objectives and scope of its work.  The second stage, expected to be completed the end of 2016 and including a public outreach, will focus on delivering recommendations for voluntary disclosure principles.

The press release is available on the FSB website.

*Update 21 January 2016 - the FSB has now announced the initial membership of the Task Force (link to FSB website) which "includes a balance between preparers and users of financial disclosures, and comprises members from both financial and non-financial companies across a range of countries and relevant areas of expertise".  The Task Force has launched a website which can be accessed here.**

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.