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Bank of England calls for mandatory company disclosures on climate risks

Fri, 16th Oct 2020 10:53

LONDON, Oct 16 (Reuters) - A common, mandatory set of rules
on company disclosures are needed to help markets price in risks
from climate change, a senior Bank of England official said on
Friday.

"Disclosing your plans can improve your credit rating,
broaden your investor base, reduce your cost of finance, and
economise on the fixed costs of meeting increasingly vocal
investor requests for information," the BoE's executive director
for markets Andrew Hauser told an Investment Association online
event on Friday.

(Reporting by Huw Jones, editing by Andy Bruce)

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