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Finance experts call for greater transparency on climate risks and opportunities

New report outlines three key pillars to close gaps and better inform sustainable finance

At the 1992 Rio de Janeiro Earth Summit, the global community agreed to work together to prevent “dangerous” levels of climate change. One of the first tasks was establishing country-level reporting on greenhouse gas emissions, since without this knowledge there would be no baselines for mitigation policy and no general sense of where, and when, things were improving.

Today, this call for climate-related transparency is being echoed in the financial community. The technical nature of the challenge, coupled with the fact that many find the world of finance rather opaque to begin with, means that this climate transparency is far from a mainstream concern. But it should be. Transparency is fundamental to our fight against climate change, and without it your retirement savings could be at risk.

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