Investors: Climate-change policies and disclosures needed

Investor groups representing $13 trillion in assets are calling on governments to adopt strong national climate policies that could trigger the flows of private capital needed to build a low-carbon global economy. The groups also are pushing for mandatory disclosure in public company filings of material climate-related risks and the programs in place to manage those risks. The American Institute of Certified Public Accountants (AICPA) has an initiative to participate in the development of universally accepted accounting and reporting standards for sustainable activities and risks that meet the needs of investors and businesses. (Read the article Investor Groups Call for Climate Change Policies and Disclosures at Journal of Accountancy online.)