Bob Perciasepe on climate risk disclosure recommendations

Statement of Bob Perciasepe
President, Center for Climate and Energy Solutions

June 29, 2017

On the final recommendations of the Financial Stability Board’s industry-led Task Force on Climate-related Financial Disclosures on ways to better integrate into financial filings the risks and opportunities posed by climate impacts and the transition to a lower carbon economy.

Most large companies recognize the risks climate change poses to their facilities, operations, and supply and distribution chains. But reporting these risks varies extensively from company to company, and sector to sector.

The task force’s voluntary disclosure guidelines will help companies work toward consistency, which over time will help inform stakeholders on climate risks and opportunities. Better financial reporting will inform the long view for companies as they manage the transition to a lower-carbon economy.

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About C2ES: The Center for Climate and Energy Solutions (C2ES) is an independent, nonpartisan, nonprofit organization working to forge practical solutions to climate change. Our mission is to advance strong policy and action to reduce greenhouse gas emissions, promote clean energy, and strengthen resilience to climate impacts. Learn more at www.c2es.org.