October 16, 2020
LONDON (Reuters) – A common, mandatory set of rules on company disclosures are needed to help markets price in risks from climate change, a senior Bank of England official said on Friday.
“Disclosing your plans can improve your credit rating, broaden your investor base, reduce your cost of finance, and economise on the fixed costs of meeting increasingly vocal investor requests for information,” the BoE’s executive director for markets Andrew Hauser told an Investment Association online event on Friday.
(Reporting by Huw Jones, editing by Andy Bruce)
