Climate Risk Disclosure
Climate risk disclosure refers to the process by which companies, financial institutions, and governments report on the financial, operational, and reputational risks associated with climate change, as well as their strategies for managing and mitigating these risks. Climate risk disclosure can help improve transparency, inform decision-making, and foster accountability among stakeholders. It can also help with speeding up the transition to cleaner energy sources and reduce the chance of both financial and environmental problems occuring. In recent years, initiatives such as the Task Force on Climate-related Financial Disclosures (TCFD) have been established in order to promote the adoption of consistent and comparable climate risk reporting practices across different sectors and regions.