"Recognizing that climate-related financial reporting is still evolving, the Task Force’s recommendations provide a foundation to improve investors’ and others’ ability to appropriately assess and price climate-related risk and opportunities. The Task Force’s recommendations aim to be ambitious, but also practical for near-term adoption. The Task Force expects to advance the quality of mainstream financial disclosures related to the potential effects of climate change on organizations today and in the future and to increase investor engagement with boards and senior management on climate-related issues."
Schneiderman Says Exxon’s Climate Change Proxy Costs May Be a ‘Sham’ | Bloomberg
New York’s top cop told a judge that an investigation into Exxon Mobil Corp.’s public statements about climate change uncovered "significant evidence" the oil giant may have misled investors.
In a court filing Friday, New York Attorney General Eric Schneiderman provided detailed findings from the fraud probe for the first time, saying Exxon may have been using two sets of numbers -- one public and one secret -- to calculate the future impact of the Earth’s warming on its assets.
"That evidence suggests not only that Exxon’s public statements about its risk management practices were false and misleading, but also that Exxon may still be in the midst of perpetrating an ongoing fraudulent scheme on investors and the public," Schneiderman said.