“How to make a profit from defeating climate change”, 14 Dec 2016

…[C]limate change will present serious risks to, and create major opportunities for nearly every industry...The challenge is that investors currently don’t have the information they need to respond to these developments…[M]arket adjustments…will [therefore] be incomplete, late and potentially destabilising…We believe that financial disclosure is essential to a market-based solution to climate change. A properly functioning market will price in the risks associated with climate change and reward firms that mitigate them…[T]he Financial Stability Board created a taskforce on climate-related financial disclosures. Its purpose is to develop voluntary, consistent disclosures to help investors, lenders and insurance underwriters manage material climate risks…[It] is led by members of the private sector from across the G20, including major companies, large investors, global banks and insurers…[I]ts recommendations…concentrate on the practical, material disclosures most relevant to investors and creditors and which can be compiled by all companies that raise capital as well as financial institutions…