Washington, D.C., June 30, 2017 - The Institute of International Finance today released the following statement after the Financial Stability Board's Task Force on Climate-related Financial Disclosures released its final recommendations.
We support the aims of the Task Force on Climate-related Financial Disclosures and welcome the publication of the final recommendations report. The establishment of a voluntary, market-based approach to the disclosure of financial risks arising from climate change is an important step towards incorporating environmental risk factors in financial activity. Enhanced disclosure will offer benefits for lenders, insurers and investors, and will help borrowers as they scale up the green finance market. We look forward to continuing industry engagement with the Task Force and convening discussions among firms to share perspectives on how to implement the guidelines.