Financial Stability Board addresses climate risk
Tuesday, 11 24 2015, Category: Insurance and Reinsurance, Country: World
The Financial Stability Board (FSB) has proposed the creation of an industry task-force to look at climate risk disclosure, as it seeks to progress the work initiated by a coalition of organisations that seek to get entities to disclose and take responsibility for climate and disaster risks.
The FSB is an international body established to monitor and make recommendations about the global financial system. It has taken up the initiative for which the groundwork was laid by a number of others, to try to get climate risk and disaster risk encoded into the financial system.
The FSB is proposing the creation of an industry-led disclosure task force, focused on climate-related risks.