Finance
Companies Can No Longer Dodge Climate Risks as U.K. Raises Bar
Mandatory disclosures will force them to give investors and consumers the information they need to make decisions in rapidly warming world
Photographer: Jonathan Nackstrand/AFP/Getty Images
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The inescapable reality of climate change just became an unavoidable fact of life for U.K. companies. Businesses in other countries may face a similar fate shortly.
Starting in 2025, U.K. companies will have to disclose the extent to which their operations are exposed to the risks posed by global warming. While a number of companies already disclose some climate data, meeting the target announced on Monday by Chancellor of the Exchequer Rishi Sunak will require a significant increase in reporting standards for all.