This report was produced by Client Earth, WWF and Carbon Tracker
The International Organization of Securities Commissions (IOSCO) is a global body, with a membership base of the world’s securities regulators. It is ideally placed to set international expectations on climate disclosure. Until now, IOSCO has not addressed climate risk reporting – experts from ClientEarth, WWF and Carbon Tracker explore what is in its remit to do and how this could affect climate action across the world.
This white paper offers several practical, timely suggestions through which IOSCO can improve the management of climate change by global capital markets. We would like to call on IOSCO to acknowledge the TCFD recommendations and encourage their incorporation into international listing standards. Consistent with IOSCO’s history in promoting transparency, better climate disclosures can help lead to a swifter allocation of capital to finance a future worth living in.