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Article name & author

Why Companies Should Report Financial Risks From Climate Change

Author: Robert G. Eccles, Michael P. Krzus

Industry Group: Oil and Gas

Research / Insights - 2018
This article discusses 3 questions: 1) To what extent were oil and gas companies already following the TCFD recommendations using existing guidance from the Securities and Exchange Commission (SEC), Global Reporting Initiative (GRI), and Sustainability Accounting Standards Board (SASB)?, 2) If most (all) companies show a large gap in complying with the TCFD recommendations, would closing this gap result in increased legal liabilities from disclosure?, and 3) What needs to be done to facilitate adoption of the TCFD recommendations?
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