John,
When it comes to the global climate crisis, "corporate financial disclosures" don't generate the headlines that clean energy or carbon caps might. But measuring and managing the risks and opportunities that companies face from climate change can have a huge impact -- directing the decisions of business leaders, governments, and investors.
That's why Mike is urging Joe Biden to harness the power of financial disclosures in the fight against climate change -- starting on his first day in office. Read Mike's article to see why business climate risk reporting is critical to driving climate action:
Mike encourages President Biden to convene world leaders and work together on a mandatory standard that global businesses can use to measure and report the risks and opportunities that climate change poses for their operations.
Climate risk disclosure is critical in creating a more resilient economy. Global climate reporting standards would illuminate and quantify currently unknown risks to infrastructure, investors, workers, and supply chains. That would not only help to protect the planet -- it would also prevent potentially catastrophic economic instability, and help investors understand what is needed to build the clean, sustainable economy of the future.
Securing reliable, globally consistent climate risk reporting will help fulfill the promise of a leader who was elected with the most ambitious climate plan of any presidential candidate in history. The faster we make it standard practice globally, the safer and stronger the economy will be, and the U.S. can help lead the way.
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Thanks,
MikeBloomberg.com
P.S. -- Want to hear more about data and climate solutions? Check out "Telling Stories for the Climate Curious," an episode from our Follow the Data podcast. It's a conversation between Antha Williams, head of Bloomberg Philanthropies' Environment program, and two leading voices in the climate movement, Dr. Katharine Wilkinson and Dr. Leah Stokes. Listen now: https://soundcloud.com/follow-the-data/93-telling-stories-for-the-climate-curious
