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Shell Welcomes Final Recommendations in Climate Report

by  Rigzone Staff: Thursday, June 29, 2017

Royal Dutch Shell plc has welcomed the final recommendations set out in a report published Thursday by the Task Force on Climate-Related Financial Disclosures (TCFD). 

“I agree that companies should be clear about how they plan to be resilient in the face of climate change and energy transition,” Shell CEO Ben van Beurden said in a company statement.

“I believe it is right that it should be transparent which companies are truly on firm foundations over the long-term. I applaud the task force for its work to achieve this aim and I have signed a letter confirming Shell’s support for the initiative,” he added.

Commenting on Shell’s support for the initiative, the Governor of the Bank of England and FSB Chair, Mark Carney, said he was delighted by Shell’s support.

“The task force’s recommendations have been developed by the market for the market. They set out the disclosures that a wide range of users and preparers of corporate information have said are essential to understanding a company’s climate-related risks and opportunities,” Carney said in an organization statement.

The TCFD is a global initiative chaired by Michael Bloomberg to get companies across all sectors to assess more clearly and disclose more transparently both the risks and the opportunities presented by climate change.


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