Chancellor of the Exchequer Rishi Sunak, the country’s equivalent to a U.S. Treasury secretary, said Monday that the rule would apply to most of the nation’s economy, including listed companies, banks, large private businesses, insurers, asset managers and regulated pension funds.
PREVIEWSUBSCRIBE “We are starting a new chapter in the history of financial services and renewing the UK’s position as the world’s pre-eminent financial centre,” Mr. Sunak said. “By taking as many equivalence decisions as we can in the absence of clarity from the EU, we’re doing what’s right for the UK and providing firms with certainty and stability.”
The TCFD says companies should disclose in their financial reports how climate change could increase or reduce sales, among other issues. As of this year, more than 1,500 organizations have expressed their support for the TCFD’s recommendations, a more than 85% increase from last year, according to the TCFD’s status report published late last month. The report said 42% of companies with a market capitalization above $10 billion disclosed at least some information in line with the TCFD.
The U.K.’s move comes as regulators in the U.S. have voiced support for the TCFD. Last month, Linda Lacewell, superintendent of the New York State Department of Financial Services, recommended that banks and insurers report through the TCFD. The DFS regulates around 1,500 banks, 1,800 insurers and other financial groups, with assets exceeding $7 trillion.Some investors say the U.S.
So...how does some made up number effect your bottom line? 🤔
And how is that measured?
Sooo, UK is headed for high Taxes due to Global Warming reportings? Because we both know what ever they do to clean up the environment won’t be enough while countries like China continue to Super Polute.
What a load of bullshit a total waste of time to boost image purely for the numpties. 99.9999999 tick N/A
Hundrrds of to tons using RDX bioChemicals manufacturing for war and destroy peace envournment and talking about climate chage .is it joke ?
Total waste of time. Sound and fury signifying nothing
Please consider doing a Twitter story about the two Georgia Democratic candidates running for the US Senate in a runoff on January 5th, 2021. They are Jon Ossoff and Raphael Warnock. Consider the result if they win or if they lose.
Idiotic!
FAKE NEWS
DEATH OF UK COMING because of Climate Change BULLSHXT propaganda promoted by SOCIALISTS there.
report:
This is a great idea
this is terrible news