U.K. Is Pushing for G-7 to Adopt Mandatory Climate Reporting
- Sunak close to deal at finance ministers’ meeting next month
- U.K. has promised to phase in mandatory reporting by 2025
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U.K. Chancellor of the Exchequer Rishi Sunak is pushing the Group of Seven economies to impose mandatory reporting of environmental risks on their big companies, people familiar with the matter said.
Under the proposals, the biggest companies would report annually on their exposure to risks and opportunities presented by climate change. It would follow guidelines set out in 2017 by the Task Force on Climate-Related Financial Disclosures.