Exxon, 237 Other Firms Commit to Climate Change Reports
One attorney said that the new commitments will place climate change disclosures "front and center," rather than leaving them as a "side issue."
December 14, 2017 at 05:42 PM
3 minute read
Exxon Mobil headquarters in Houston
Under growing pressure from investors, Exxon Mobil Corp. this week joined some 237 other companies that have publicly committed to include climate-related data in their financial disclosure reports.
Exxon announced its intentions in a statement filed with the U.S. Securities and Exchange Commission on Monday. The commitments by 237 other companies were part of a Tuesday announcement by the Task Force on Climate-related Financial Disclosures, a group established by the international Financial Stability Board, an organization that makes recommendations about the global financial system.
Exxon's statement said the company's board of directors “has decided to further enhance the company's disclosures … and will seek to issue these disclosures in the near future. These enhancements will include energy demand sensitivities, implications of two degree Celsius scenarios, and positioning for a lower-carbon future.”
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