Climate Change Panel Backed by Companies Valued at $7.9 Trillion (Corrected)

Some of the world’s largest banks, asset managers, and pension funds controlling almost $100 trillion have backed efforts calling on companies to make more disclosures about their climate-related risks, according to a panel advising the Group of 20 nations.

More than 510 companies with a market value of $7.9 trillion are supporting the recommendations made by the the Task Force on Climate-Related Financial Disclosures, the group set up by Bank of England Governor Mark Carney in his role as head of the Financial Stability Board.

‘Becoming Mainstream’

“Climate-disclosure is becoming mainstream,” Carney said in a ...