“Exxon needs to repair its reputation” – shareholders have finally pushed through a resolution that encourages the company to report rigorously on the risks climate change poses to its business.
ClientEarth has written to BP, Glencore and investors warning of the risk of investor lawsuits based on statements about future fossil fuel demand in their reporting.
Last year’s complaint to the FRC has borne fruit – SOCO International and Cairn Energy have stepped up their climate reporting.
The Financial Reporting Council’s response to a climate risk consultation suggest it underestimates financial risks from climate change.
ClientEarth has warned that regulators and companies may use new recommendations on climate risk disclosure to avoid compliance with existing laws.
Company Reporting staff
Company Reporting archive
Get our regular email newsletters, they contain the latest updates on our work as well as features and articles about environmental issues, science and politics.