[21st Reuters]-Moody's Investors Service is a report released on the 21st, and disclosure of financial risks related to climate change is not progressing for Western companies in sectors with high environmental impact such as energy and public interest. Pointed out.
Moody's has analyzed the official documents of 28 building materials, oil and gas, and 28 utilities. In 2017, the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures recommended companies to voluntarily disclose the financial impact of climate change.
80% of Moody's sample companies respond that climate change has an impact on strategic decisions, but link climate expectations with cash flow and balance sheet impacts Remained in 2 out of 28 companies.
According to Moody's, the two companies are European utilities and US oil and gas companies, but their names have not been revealed. Moody's analyzed this time with a total debt of $ 877.0 billion, Exxon Mobil <XOM.N>, Royal Dutch Shell <RDSa.L>, Duke Energy <DUK.N>, France Power EDF <EDF.PA> etc. are included.
“There has been some progress at the level of disclosure, but there is still a standardized and consistent quantification of the financial impact of climate risk,” said one of the report authors, Vincent Allilaire. It is in an early stage. "