TOKYO -- The corporate sector's impact on the climate will come under greater scrutiny as the International Financial Reporting Standards Foundation is set to establish a global standard for companies' disclosure of such risks by June.
Environment-related disclosure standards have been difficult to implement because of a lack of consistency across jurisdictions. But if the disclosure of greenhouse gas emissions and other information is now required under a global framework, investors will be able to compare companies more easily. It is thought that such a framework will push companies to take climate change more seriously.
