Royal Dutch Shell welcomes the final recommendations set out in a report published on 29 June by the Task Force on Climate-Related Financial Disclosures (TCFD).
The TCFD is a global initiative led by Michael Bloomberg to get companies across all sectors to assess more clearly and disclose more transparently both the risks and the opportunities presented by climate change. It was set up at the prompting of the G20 and the Financial Stability Board (FSB).
“I agree that companies should be clear about how they plan to be resilient in the face of climate change and energy transition,” said Shell Chief Executive Officer Ben van Beurden. “I believe it is right that it should be transparent which companies are truly on firm foundations over the long term. I applaud the task force for its work to achieve this aim, and I have signed a letter confirming Shell’s support for the initiative.
“The details matter, and I look forward to Shell working with the task force on those details, specifically, how we present forward-looking information in an uncertain world, the disclosure of commercially sensitive data and the feasibility of providing the suggested detail to the standard required of financial filings. Ultimately, however, both Shell and the task force want these disclosures to be fit for purpose.”
Read the full story here.
Don't miss our latest HSE content, delivered to your inbox twice monthly. Sign up for the HSE Now newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
17 Jun 2019
- Dallas, Texas
Get your training course place today
27 Jun 2019
- Midland, Texas, USA
Reserve your place today
1 Nov 2019
- Bali, Indonesia
Registration Coming Soon
23 May 2019 19:30 BST
- Live, then On Demand
17 - 19 Mar 2020
- Bogotá, Colombia
Call for papers open
HSE Now is a source for news and technical information affecting the health, safety, security, environment, and social responsibility discipline of the upstream oil and gas industry.
©2003-2019 Society of Petroleum Engineers, All Rights Reserved.