The UK is to become the first country in the Group of 20 major economies (G20) to require, by law, major companies to report their climate-related risks and opportunities. This requirement meets the recommendations of the international and industry-led Taskforce on Climate-related Financial Disclosures (TCFD). (The G20 is composed of 19 countries, including South Africa, and the European Union.) “If the UK is to meet our ambitious net-zero commitments by 2050, we need our thriving financial system, including our largest businesses and investors, to put climate change at the heart of their activities and decision making,” explained UK Energy and Climate Change Minister (equivalent to a Deputy Minister in South Africa) Greg Hands. “By mandating large businesses to disclose their climate risks and opportunities – the first G20 country to do so – we are showing global leadership by making our financial system the greenest in the world.”
from Engineering News | Home https://ift.tt/3mDHeQM
