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The UK’s disclosures requirements have been based on the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), founded in 2015 by the Financial Stability Board (FSB) to improve and increase climate-related financial information reporting.
Developing Tools and Practices for Business Climate Action Heather Schrock, Director of Environmental Partnerships at the Bonneville Environmental Foundation , provided a look at the greenhousegasprotocols framework. And we understand that since sustainability costs money, we need to put money toward these efforts.”
The software market is also faring poorly for ‘Scope 2 emissions Intensity’ which captures GHG emissions from consumption of purchased electricity, heat or steam by the company, as categorised by the GreenhouseGasProtocol, divided by the company’s revenue. in 2014 rising to 6.66 which recorded an 85% fall.
It follows an extensive request for information during which 70% of investors called for TCFD-based disclosure , including its recommendation to use GreenhouseGasProtocol standards for disclosing corporate GHG emissions. Myth 1: Climate change isn’t a financial risk . Myth 1: Climate change isn’t a financial risk .
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