Climate-related financial risk has become a prominent issue for many public and private sector organizations. Examine examples of federal and state government assessments of and reporting on this important element of risk.

• Climate change is a critical factor in strategic, organizational and financial risk in the public and private sectors and in both domestic and international organizations. • U.S. and international standards-setters and policy organizations, including the Task Force on Climate-Related Financial Disclosures and the International Sustainability Standards Board, are moving toward a framework to assess and report on climate-related financial risk. • Reporting entities already use the framework to enhance accountability and transparency in response to climate change challenges and risks.

Joseph Thompson

Assistant Director, GAO

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