Following the financial crisis in the late 2000’s, the G20 established the Financial Stability Board (FSB) to identify and mitigate threats to the global financial system. In 2015 the FSB, led by New York City’s former Mayor Michael Bloomberg and comprised of members from global banking institutions, insurance companies, institutional investors, industrial and consumer products companies and experts on financial accounting and public disclosure, created the Task Force on Climate-related Financial Disclosures (TCFD). The Task Force was developed in direct response to a: belief that climate change represents a growing systemic threat; lack of high-quality, consistent financial information related to the potential risks and opportunities associated with climate change; and growing need for transparency in company valuation and the ability to assess the risks organizations are facing. After numerous rounds of input, the TCFD published a set of recommendations in June 2017 to “help firms understand what financial markets want

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