New IHS report finds FSB’s climate risk reporting recommendations would undermine capital allocation decisions and could distort markets
In December 2016, the Basel, Switzerland-based Financial Stability Board (FSB) put out the recommendation of its Michael Bloomberg-led task force that concluded that public companies should disclose climate-related risks in their financial filings.

The FSB is the G20’s financial policy-making/recommending body. It is composed of financial regulators, central banks, finance ministries and international fina...

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