A global agreement is within reach that would require all listed companies to disclose the risks they face from climate change in a standardised way, the governor of France’s central bank has said.

Fran?ois Villeroy de Galhau told the Financial Times that talks between government and central bank officials on new climate risk disclosure rules had progressed faster than expected and that an international framework could be agreed at November’s UN COP26 climate conference in the Scottish city of Glasgow.

“Proper disclosure should become mandatory — I would expect this as a first step,” said Villeroy. “Nobody expected six months ago for us to go as quickly as we did and to say perhaps we could have a positive conclusion on mandatory disclosure at the COP26.”