, an international framework used by thousands of companies in 92 countries with a combined market capitalisation of $27.2 trillion.
Davidson said TCFD reporting was the global standard, and the council wants it to be mandatory in Australia, to make it easier for investors to assess the merits of a company’s disclosures.She also said there was a growing expectation from investors and stakeholders that companies should have decarbonisation targets that are aligned with the Paris Agreement goal to limit global warming to 1.5 degrees, rather than just holding it to well below 2 degrees.
ACSI did not single out poor-performing companies in the report, but Davidson said they will be engaging with those that need to improve.
Source: News Formal (newsformal.com)