“Are fossil fuel companies failing in their legal duty to report climate risk?”, 26 Jun 2015

[Group of non-profits] have this week issued an open letter to the Financial Reporting Council (FRC) calling on it to ensure companies in the oil, gas and coal sectors are complying with the reporting rules that require them to provide information on climate-related risks…The FRC is the UK's independent regulator responsible for ensuring the financial accounts of companies comply with legal reporting standards…[The letter] accuses the fossil fuel companies of only planning for future demand growth for fossil fuels, and ignoring the risk to their business models posed by climate targets and the growth of clean energy…[The Royal Society] said businesses should be required to report on how prepared they are for increasingly frequent and severe weather events to allow investors to make better-informed decisions about where they place their money…Technically, listed firms are already required to provide comprehensive information on material risks to their business, but many continue to provide only limited information on the extent to which environmental impacts could damage their operations.