Corporate Climate Disclosures and Financial Requirements
Since Mark Carney’s Lloyd’s of London speech on the “tragedy of the horizon” and the formation of the Financial Stability Board’s Task Force on Climate-Related Financial Disclosure (TCFD) in 2015, the financial sector is recognizing the importance of climate change to corporate risk management, disclosure, and investment decisions. The private sector continues to improve its understanding of how transitioning to a lower carbon economy and the impacts of climate change will affect their business and the economy.
As the federal government develops financial requirements related to corporate climate-related disclosures, key legal questions continue to emerge. Companies, financial institutions, and governments are also making net-zero greenhouse gas commitments, and we are evaluating the legal questions that arise as regulators, investors, and companies consider how net-zero targets should inform investors and consumers.