The Financial Stability Board’s climate task force – set up last year by Mark Carney – has called on fund managers and investors to fulfil their "important role" in combating climate change, as it set out a series of measures for companies to improve their reporting and disclosures on the issue.

The FSB's recommendations, published on December 14, urged asset owners and managers which "sit at the top of the investment chain" to flex their muscles in improving companies' climate change reporting standards.