The FSB has announced it is establishing a task force on climate-related financial risks. The Task Force on Climate-related Financial Disclosures (Task Force) will develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders.

The Task Force will seek to develop a set of recommendations for consistent, comparable, reliable, clear and efficient climate-related disclosures. The Task Force will take account of the work of other groups related to effective disclosures.

By the end-March 2016, the Task Force aims to determine the scope and high-level objectives for its work. By the end of 2016, the Task Force intends to focus on delivering specific recommendations for voluntary disclosure principles and leading practices, if appropriate.