Publication

This paper explores the characteristics of environmental risk disclosure governance which aims to disclose the risks posed to the financial sector by inaccurate economic valuation assessments due to a lack of incorporation into such assessments of the potential future impact of pollution, resource scarcity and climate change. The author argues that despite evidence of policy convergence within the governance of environmental risk disclosure, insufficient enforcement is leading to uncertainty within the financial sector. He suggests that this uncertainty means that there should be an expansion of the role of international financial regulations in the establishment of a mandatory disclosure standard.