This dissertation discusses the utility and limitations of implementing mandatory standardized carbon disclosures through financial services (FS) regulation in the European Union (EU) with the aim of mitigating climate change by channelling funds towards climate-friendly investments.

This research paper seeks to answer the question ‘what board characteristics are driving the climate change response of firms in the financial sector?’ To answer this, a review of relevant academic and practitioner literature was undertaken followed by a survey and semistructured interviews to collect insight from primary data.