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A more uniform framework for disclosing climate change risk is something investors are looking for, and may impact disclosure practices for public agencies issuing bonds, Best Best & Krieger LLP Partner Mrunal Shah said recently in an interview by The Bond Buyer.
Mrunal, a member of the firm’s Public Finance practice group, was asked by the publication to comment on California’s efforts to create uniform standards for disclosure on climate change reporting risks. The efforts follow the release of a California Debt & Investment Advisory Commission study in September titled “Climate Change Disclosure Amount California Enterprise Issuers.”
A consultant on the study, Mrunal told The Bond Buyer that the issue is garnering more attention. “It’s really an education process where issuers and professionals become aware that this is something that is material to investors that needs to be disclosed,” she said.
Additional Reading:
Municipal Bond Climate Change Disclosure Update


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