Montgomery Quoted on FSOC Report on Climate Change Risk to U.S. Financial System
Reuters
Partner Jane Montgomery was quoted on the anticipated report from the Financial Stability Oversight Council (FSOC) about the potential risks of climate change to the U.S. financial system.
Jane said, “Climate risks are real risks for the profitability of companies, their shareholders, and their work forces. I expect the FSOC will identify those risks in some detail.”
“The business community is looking for specific direction on the types of disclosures they must make, the data specificity needed to back up those disclosures, and the risk analysis needed to support the disclosures,” she added.
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