Investors urge European companies to include climate risks in accountsCoalition overseeing $9tn in assets have written to groups including Anglo American, BMW, EDF and LufthansaMore than 30 companies, including EDF, have been asked to ensure their financial statements reflect the implications of the Paris Agreement

More than 30 of Europe’s largest companies, including Anglo American, BMW, EDF and Lufthansa, have been urged to include climate change risks in their financial statements as concerns grow that corporate accounts no longer reflect the longer-term outlook.A group of 38 investors overseeing more than $9tn in assets have written to the chair of the audit committee at each of the companies, calling on them to ensure their financial statements reflect the implications of the Paris Agreement, which aims to limit temperature increases to well below 2 degrees Celsius.

Source: Investors urge European companies to include climate risks in accounts | Financial Times

Northern Comment – Really interesting that large scale investors are waking up to the implications of the Paris Climate Accord. They want to see numbers moving not just words. The statements of the CEO if not reflected in the Financial Statements are clearly seen for what they are, – hot air, and we are trying to avoid that.

It is good news as it will start to drive investment to clean technologies and away from the fossil fuel industry. A way to go but you can feel the momentum beginning. Lets hope it is not too late.