Britain has became the first G20 country to make it mandatory for more than 1,300 companies to disclose climate-related risks and opportunities,
A push by Britain to toughen up corporate environmental disclosures will cast a spotlight on climate-change dawdlers as campaigners increasingly turn to the courts to force a speedier transition to a low-carbon economy.
On Wednesday, Britain became the first G20 country to make it mandatory for more than 1,300 companies to disclose climate-related risks and opportunities, in line with the global Taskforce on Climate-related Financial Disclosures . “However, it is likely [to] also drive other forms of litigation, focusing on inadequate or incomplete disclosures or using the information in the disclosures made to inform litigation against perceived laggards.”UN climate scientists warned this week there was little time left to cap global warming in line with the goals of the 2015 Paris Agreement.
At a global level, minimum sustainability disclosures are being consulted on but for most countries, disclosures remain voluntary and vary widely in quality and breadth.
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