
India Doesn't Ask Businesses To Disclose Climate Risks: Report
Editorials News | Jun-14-2018
According to a recent report of the Cambridge University, India is not asking its companies to reveal how vulnerable they are to the climate risks.In the study, the Cambridge Institute of Sustainability Leadership (CISL) tried to comprehend on how different countries were applying Task Force on Climate-related Financial Disclosures (TFCD) recommendations and getting companies to disclose climate related risks. The Task Force was set up by Financial Stability Board (FSB) - an international body that is set up by the G20 nations whose goal is to oversee and recommend on global financial systems.
What does the Task Force on Climate-related Financial Disclosures (TFCD) recommends?
Provided that climate change is becoming a business problem along with an environmental problem, the FSB formed the TCFD in December of 2015 to address the effects climate change will have on the companies through disclosure. In June'17, TCFD issued recommendations on helping companies disclose the information to help the financial markets better understand the climate related financial risks and opportunities.Unfortunately, where around two thirds of the G20 countries have become involved with the TCFD and countries such as UK, Canada, Japan, Australia, South Africa are holding consultations with private sector on the requirements for disclosure, India comes at the bottom when it comes to complying with the TCFD recommendations. It is joined by Korea, Russia, Saudi Arabia, Indonesia and Argentina. France is the only one nation to put these recommendations into law.
By: Neha Maheshwari
Content: http://www.downtoearth.org.in/news/in-the-last-one-year-india-has-not-made-businesses-disclose-climate-risks-report-60765
Related News
-
Role of Internships in Bridging the Gap Between College and Career
-
The Recycling EV Batteries Through Circular Economy
-
Role of Atmanirbhar Bharat in Modern India
-
India: Before And After Independence
-
Importance of Social Skills
-
The Freedom of Information Act: Pros & Cons
-
The Importance of Parent-Child Relationship
-
Electric Vehicles
-
Rabindranath Tagore & His Contribution Towards Society
-
What is the Need and Importance of Career Counselling for Students?
Most popular news
- The Law Of Equivalent Exchange
- Essay On Issues And Challenges Of Rural Development In India
- Srinivasa Ramanujan And His Inventions
- The Youth Is The Hope Of Our Future!
- Poverty In India: Facts, Causes, Effects And Solutions
- Top 20 Outdoor Games In India
- Festivals Of India: Unity In Diversity
- Role Of Women In Society
- The Impact Of Peer Pressure On Students' Academic Performance
- Books As Companion
MUN Events

SDG Events
