Time for mandatory climate disclosures is now – Carney

Mark Carney
Bank of England

The former governor of the Bank of England, Mark Carney, has called for disclosures relating to climate change to be made mandatory for financial firms.

Carney, who helped establish the Task Force on Climate-related Financial Disclosures (TCFD), said while support for climate disclosures has risen in recent years, frameworks have not yet produced comprehensive data.

“About four-fifths of the 1,100 companies across the G20 provide material TCFD disclosure, it is not yet quite comprehensive… we

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