Early 2020 sees United Utilities working with Tricarbon to significantly improve the quality of their corporate reporting for climate-related disclosures. United Utilities already reports annually under CEMARS, CDP, Dow Jones Sustainability Index and and as part of its regulatory commitments.
Now, with Tricarbon, the FTSE100 water utility business has begun work to align its reporting to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the Climate Disclosure Standards Board’s Climate Change Reporting Framework.
This new, voluntary approach will help United Utilities develop a consistent set of climate-related financial risk disclosures in order to provide concise information to its investors, lenders, insurers, and other stakeholders. The work will consider the physical, liability and transition risks associated with climate change and what constitutes effective financial disclosure across the business and beyond.