Today’s business leaders who operate sustainably are those that incorporate social, environmental, economic and ethical factors into their core business strategies. They also understand that the sustainability agenda requires working collaboratively with all stakeholders—from suppliers and customers to employees, shareholders and governments.
In December 2015, the Financial Stability Boards (FSB) established an international group called the Task Force on Climate-related Financial Disclosures (TCFD), whose mission is to create recommendations and frameworks for disclosing climate-change-related financial information. This increase in transparency has in turn increased market efficiency and made economies more stable and resilient.