The note mapped the key questions to be addressed by the Task Force, whose composition was released on January 21st, 2016. The objective of the Task Force was defined as developing “voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders.” The group met for the first time in February 2016.
In laying out the need for the Task Force, the FSB has identified three types of climate-related financial risks potentially in need of greater corporate disclosure.
This report discusses 10 core questions about the Task Force’s objectives and scope, building on a growing international body of research on the relationship between climate and financial markets. In some cases, existing evidence allows for clear guidance. In other cases, several potential alternatives are available with different pros and cons and potential trade-offs. Here
we attempt to summarize the state of the discussion and elucidate the implications of different strategic choices. The note also seeks to map what we see as the best way forward on maximizing the impact of the work of the Task Force.