Investor Disclosure Questions
Better disclosures by investors enable clients, beneficiaries and other stakeholders to understand how climate change-related risks and opportunities are being assessed and managed by investors. These disclosures also increase the demand for more consistent, comparable, and reliable disclosure of climate-related information by companies and other entities. Better disclosures by companies and by investors are an important step in enabling market forces to drive the efficient allocation of capital and to support a smooth transition to a low-carbon economy.
Report in line with the TCFD’s recommendations
We have committed to improving our disclosures on the climate change-related risks and opportunities in our portfolios, in line with the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) for asset owners and asset managers.
Pilot Project on Implementing the TCFD Recommendations for Investors
Convened by UNEP FI 20 investors including Norges Bank Investment Management, Aviva, Citibanamex, Caisse de dépôt et placement du Québec (CDPQ), and City Developments Ltd of Singapore, are currently developing, testing and pioneering methodologies towards fully adopting the recommendations of the Task Force for Climate-related Financial Disclosures (TCFD). A similar group of 16 banks supports the implementation of these recommendations by the lending industry and another will deliver a first set of climate-related financial disclosures by insurers. More information can be found here (http://www.unepfi.org/investment/tcfd/).