Climate-related Corporate Reporting: Where to Next?

Financial Reporting Council polls investors for reporting best practices. Voluntary compliance like TCFD gives firms a chance to develop creative solutions. If they don’t step up, regulators must enforce mandates.

A new report from the Financial Reporting Lab of the UK Financial Reporting Council (FRC) reveals that companies are falling short of investors’ expectations for clearer reporting on climate-related issues. It notes that while reporting on climate change is an evolving practice, investor expectations are changing rapidly.

The Financial Reporting Lab of the UK Financial Reporting Council (FRC) recently released a report that reveals companies may be falling short of investors’ expectations for clear reporting on climate-related issues. In this episode, GARP Risk Institute Co-President Jo Paisley speaks with Phil Fitz-Gerald, Director of the FRC's Financial Reporting Lab about the key findings of their report, what best practices are emerging around climate related corporate reporting, and how reporting can change behavior. You can download the report here: Climate-related corporate reporting – Where to next?

Topics: Climate Risk Management, Transition Risk