The State of California plans to develop a standard for climate risk disclosure as US agencies face mounting political and civil society pressure on climate change.
A new Climate-Related Risk Disclosure Advisory Group will be led by California Governor Gavin Newsom’s Office of Planning and Research, in partnership with Stanford University’s Sustainable Finance Initiative.
In a statement, the Governor called for the Advisory Group to support the State of California in developing a climate reporting standard consistent with federal and international best practice.
“There is no question that climate change is having an immediate impact on California’s fiscal and economic health,” he said.
The Advisory Group will be co-chaired by Kate Gordon, Director at the Governor’s Office of Planning & Research and Senior Advisory to the Governor on Climate and Alicia Seiger, Managing Director at the Precourt Institute’s Sustainable Finance Initiative at …