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India fares poorly when it comes to asking companies to disclose how vulnerable their businesses are to climate-related risks, says a recent report of the Cambridge University. The CISL (Cambridge Institute of Sustainability Leadership) went into how different countries are doing in terms of getting their companies to disclose climate-related risks. It assessed the countries’ experience against the recommendations made by a TFCD (Task Force on Climate-related Financial Disclosures). The Task Force was set up by the Financial Stability Board, which is an international body set up by the G20 nations to monitor and make recommendations about global financial systems. The Board, which came into being in April 2009, was a successor to the erstwhile Financial Stability Forum.
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