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Rapidly transitioning towards a low carbon and resilience global economy requires major investments. All financial institutions - public and private – need to engage in climate-friendly development financing, by developing new strategies, building capacities, and creating new financial mechanisms. Photo ©jdobane

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Photo by: Climate Disclosure Standards Board (Facebook)

Companies and investors can demonstrate their climate leadership by becoming signatories to the Climate Disclosure Standards Board (CDSB) Statement on Fiduciary Duty and Climate Change Disclosure.

By joining, companies can send a clear call to action to the market to address the information gap in climate change-related information, thereby sending a clear signal to investors and policymakers that they are committed to addressing economic risks and seizing opportunities associated with the inevitable transition to the low-carbon economy and greater resilience.

There is growing acceptance that climate change is a mainstream investment issue. This has important implications for economic activity and corporate performance.

However, mainstream corporate reports often lack comprehensive and comparable climate change information. The current information gap in the market undermines the efficiency with which capital is allocated to its most productive uses.

Creating a Level Playing Field for Companies

By endorsing this commitment, companies will be requested to sign the Statement, the signatories of which will produce and use climate change information in mainstream corporate reports out of a sense of fiduciary responsibility, in order to support the efficient allocation of capital.

They will also pledge to work toward the production of more comprehensive and comparable climate-change information in mainstream corporate reports, using a recognized international framework such as the CDSB Climate Change Reporting Framework.

The Statement is also intended to encourage other companies to include climate change-related information in their mainstream corporate reports, helping create a level playing field.

See also the article by We Mean Business on the initiative and the CDSB website.

For more information or to join this initiative please contact: Michael Zimonyi, michael.zimonyi@cdsb.net.

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