Unilever chief Paul Polman said Wednesday that all companies should be forced to disclose to shareholders any risk that climate change might pose to their business. Meanwhile, efforts by lawmakers to combat climate change pose yet another risk to companies, like oil firms, that make money from products that pollute the environment. “Climate change reporting should be mandatory for businesses,” Polman wrote in a tweet that linked to a Brookings Institution talk on delivering on the goals of the Paris climate accord. More than half of the 20 largest U.S.-listed energy and industrial companies don’t disclose information about the potential costs they might suffer as a result of climate change, according to a report published last November. Since then, more than 180 countries signed a historic climate treaty in Paris to limit climate change, new research found that sea levels are rising at a faster rate than in the last 28 centuries, and state attorneys general began investigating companies that allegedly withheld information about the dangers of climate change.

Source: Huffington Post July 07, 2016 18:45 UTC