The Canadian Institute of Actuaries have released a statement outlining how quantifying and disclosing the financial impacts of climate change is an important way to help achieve global climate goals. The statement calls for the government to prioritise data collection and implement policies that accelerate climate-risk financial reporting. The report also encourages business leaders and investors to account for climate-related factors in investment decisions. The Institute says it is time to act on climate-related financial risks to preserve the long-term sustainability of our global ecosystems, health and economies.

Read the full report on Canadian Institute of Actuaries' website.