It is our pleasure to be one of the supporters of the FSB Task Force on Climate-related Financial Disclosures (TCFD).

It is our pleasure to be one of the supporters of the FSB Task Force on Climate-related Financial Disclosures (TCFD).

It is our pleasure to be one of the supporters of the FSB Task Force on Climate-related Financial Disclosures (TCFD) and take part in the action against the financial risk climate change presents to the global economy.

The Financial Stability Board (FSB) created the TCFD to develop recommendations on the types of information that companies should disclose to support investors, lenders, and insurance underwriters in appropriately assessing and pricing a specific set of risks—risks related to climate change.

Given its remit from the Financial Stability Board, the TCFD is committed to market transparency. The success of the TCFD recommendations may depends on widespread adoption by companies in the financial and non-financial sectors.

Through widespread adoption, financial risks and opportunities related to climate change will become a natural part of companies’ risk management and strategic planning processes. As this occurs, companies’ and investors’ understanding of the potential financial implications associated with transitioning to a lower-carbon economy and climate-related physical risks will grow; information will become more decision-useful; and risks and opportunities will be more accurately priced, allowing for the more efficient allocation of capital.