Hundreds of major companies have promised to come clean on the risks from climate change.
Nearly 240 firms have signed up to a disclosure campaign led by billionaire Michael Bloomberg and Bank of England Governor Mark Carney. The number has more than doubled over the past six months.
BlackRock (BLK), Burberry (BURBY), JPMorgan Chase (JPM) and Mercedes-Benz owner Daimler (DMLRY) have all promised to reveal information about climate change in a standardized way, much like they report quarterly earnings.
The firms will report on topics such as carbon footprint, energy usage, risk management plans and strategy to slow climate change. The new signatories were revealed at a summit to celebrate the second anniversary of the Paris Climate Agreement.
“[Investors are] looking for this financial information,” Carney told Bloomberg TV. “Now they have a framework to get it.”
Bloomberg, the former mayor of New York City, said …