7 days ago
Fund Managers to Get New Risk Management Tool: ESG Investing
Companies will soon be expected to reflect climate risk in their profit and loss accounts, revealing to investors how floods, storms and droughts affect bottom lines.
The International Accounting Standards Board, whose rules are used in some 169 jurisdictions across the globe, is due to have a finalized set of examples by October to show companies how to disclose the impact of a hotter planet on P&L items including impairments and provisions.
