Regulators setting climate rules would be ‘enormous failure’

Risk Live: ‘Trust markets’ not regulators to move capital away from big carbon emitters, says LGIM

climate regulations

Regulators should allow the market to decide what information companies disclose on their emissions of carbon dioxide and other greenhouse gases, according to Legal & General Investment Management.

“We jolly well should be able to get round to engaging with enough companies to persuade them to disclose this and to disclose it in a way that is consistent with a commonly agreed set of standards,” said Nick Stansbury, LGIM’s head of climate solutions. “We may need regulators to do that, but if we

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