Reuters reveals Investors warn European companies over climate accounting


Business & Finance

Reuters exclusively revealed thirty-four investors, managing more than $7 trillion in assets, have warned 17 of Europe’s largest companies, including BP and Volkswagen, that they could challenge board directors over their accounting of climate risks. The move is the latest push by investors to pressure companies and their auditors, charging them with not moving fast enough to adapt to the world’s transition to a low-carbon economy or being clear enough about the potential impacts.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceClimate ChangeCommodities & EnergyTransport & Logistics

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Source link