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Bank of England says company disclosures on climate risks will be mandatory

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Current rules on company disclosures to help markets price in risks from climate change will become mandatory, a senior Bank of England official said on Friday.

FILE PHOTO: A security officer stands outside the Bank of England in London, Britain, March 23, 2020. REUTERS/Toby Melville

“Disclosing your plans can improve your credit rating, broaden your investor base, reduce your cost of finance, and economise on the fixed costs of meeting increasingly vocal investor requests for information,” the BoE’s executive director for markets, Andrew Hauser, told an Investment Association online event on Friday.

Standard setters needed to agree on a single, mandatory framework for companies to disclose risks from climate change, he said.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

ericgarland What will this mean for Big Oil?

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ericgarland That seems like a sensible idea.

cc FederalReserve

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COVER BIDEN-BURISMA-CHINA -- FOLLOW THE MONEY!!

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