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This article was updated to provide more up-to-date figures on TCFD supporters
It was hard to miss the historic agreement of G7 nations this weekend to mandate climate reporting in line with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).
The topic will now move to the wider G20 group of nations, with hopes of an international agreement possibly being achieved for COP26 in November. But the high-level focus on the climate emergency and related reporting wasn’t the case six years ago when the TCFD was announced at COP21, says Mary Schapiro who has led the TCFD secretariat since its inception.
In an interview with RI, the former SEC Chair, says: “When all this began in 2015 it wasn’t appreciated broadly that climate risk is financial risk and when Mike Bloomberg [TCFD chairman] took…