Bank of England calls for mandatory company disclosures on climate risks

FILE PHOTO: A security officer stands outside the Bank of England in London, Britain, March 23, 2020. REUTERS/Toby Melville

LONDON (Reuters) – A common, mandatory set of rules on company disclosures are needed to help markets price in risks from climate change, a senior Bank of England official said on Friday.

“Disclosing your plans can improve your credit rating, broaden your investor base, reduce your cost of finance, and economise on the fixed costs of meeting increasingly vocal investor requests for information,” the BoE’s executive director for markets Andrew Hauser told an Investment Association online event on Friday.

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