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ARTICLE · 02 JANUARY 2018

FSB Guidance On Climate-Related Financial Reporting: Game-Changer For Voluntary Sustainability Reporting?

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The BOE research found that climate risks, and their financial impacts, represent a clear, growing, material global financial system systemic risk.

United StatesEnvironment
Jeanne Solomon
Jeanne Solomon
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This article, as originally published by the ABA Section of International Law in the December 2017 edition of the International Environmental Law Committee Newsletter was co-authored by Withers' Jeanne R. Solomon. The publication provides guidance on the impact of climate-change-related voluntary sustainability reporting. Other authors include Robert Blanchard, Kristie Blase, Karen Bridges, Naicheng Deng, Virginia Harper Ho, Linda Lowson and Paul Wehrmann.

Background

The Financial Stability Board (FSB), established in 2009 by the Group of Twenty (G20) as the successor to the Financial Stability Forum, is a global financial macro-prudential oversight authority charged with promoting financial stability and supervising global financial system systemic risk. It develops and recommends regulatory and supervisory financial sector policies relating to systemic risk, and monitors consistent implementation of the standards and policies to which its members have agreed.

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