In October the UK made it law that Britain’s largest companies must report their climate-related financial information in line with recommendations from the Task Force on Climate-related Financial Disclosures. More than 1,300 companies were affected when the legislation came into force this month. The aim is to ensure that businesses consider the risks and opportunities they face as a result of climate change.
Robin Harding is the FT’s Tokyo Bureau Chief. Until 2015, he was based in Washington covering the US Federal Reserve, the Treasury and the IMF. Before his current role, he spent five years as FT’s Economist Editor in Washington, and two years as FT Tech Reporter in Tokyo.
Angered at the shareholder revolt at Apple over the $99mn pay packet for chief executive Tim Cook, Moritz, a partner at Sequoia Capital, argues that Institutional Shareholder Services and its smaller rivals have “become judge and jury for the actions of corporate America”.