EBRD unveils climate disclosure web tool

It aims to show businesses how sustainable information can be incorporated into financial reporting

By Jonny Bairstow

The European Bank for Reconstruction and Development (EBRD) has launched an online climate disclosure tool.

It has been developed to explore how businesses can integrate information about physical climate change impacts into corporate and financial reporting.

The EBRD hopes other companies will use this data to improve their own disclosure, contribute to the transition to a low carbon economy and avoid risky investments in potentially stranded assets.

It covers a range of sectors including manufacturing, agriculture, power, mining and commercial property, providing examples of how recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) can be put into practice.

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