DAVOS New consortium founded to standardize corporate reporting of climate risk |
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Fri, 26 Jan 2007 15:44
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DAVOS, Switzerland (AFX) - The World Economic Forum (WEF), which is meeting in Davos, Switzerland, has announced the formation of a new international partnership to create a framework for the standardized reporting of climate risk-related issues by corporations.Members of the partnership, the Climate Disclosure Standards Board (CDSB), will align their core requests for information from companies to ensure that the companies report climate change-related information uniformly in annual reports, WEF said.This will mean investors, managers and the public can compare and analyse information more easily, WEF said in a statement.Key climate information to be disclosed in annual reports will be the assessment of physical and regulatory risks of climate change, and the strategic analysis of climate risk and emissions management.CDSB will initially comprise the California Climate Action Registry, Carbon Disclosure Project, Ceres, The Climate Group, International Emissions Trading Association, World Economic Forum Global Greenhouse Gas Register, and World Resources Institute.newsdesk@afxnews.comvlb/am/roCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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