Climate change is risky business. President-elect Joe Biden’s pledge to rejoin the Paris climate agreement sends an important signal to the world about U.S. leadership. But the action will merely take us back to four years ago. To push us forward, on his first day in office, President Biden should bring together a group of G-20 leaders to join the U.S. in endorsing a mandatory standard for global businesses to measure and report the risks they face from climate change. It’s a critically important step that’s entirely within reach, because such a standard already exists and has won widespread global support. In 2017, under the auspices of the Financial Stability Board, the international Task Force on Climate-related Financial Disclosures (TCFD), which I chair, issued a set of guidelines to help companies measure and report climate risks and opportunities, including those associated with the shift away from fossil fuels. That […]