The Investor Leadership Network (ILN) announced today the release of a new report showing how global investors can strengthen their climate change reporting. The report shares the lessons learned by ILN members while implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). TCFD Implementation, Practical Insights and Perspectives from Behind the Scenes for Institutional Investors is the product of the ILN’s climate change initiative and is intended to assist asset owners and fund managers in making better choices to define their climate change strategies and disclosures.
The implementation of the TCFD recommendations presents a daunting task for even the most sophisticated investors. Most members of the ILN are considered early-adopters and supporters of the TCFD recommendations.
This report provides real world examples that show how TCFD recommendations are being put into practice by different institutional investors around the world. The report acknowledges that investors globally are at different stages in their TCFD implementation journeys and that providing consistent, comparable, and reliable climate-related information takes different shapes and forms as the recommendations are adopted.
As institutional investors managing over US$5 trillion in assets around the world, ILN members are committed to supporting the ongoing efforts of investors and companies in their efforts to integrate climate change considerations and TCFD reporting. We believe enhanced disclosure will inform better decision making about the investment risks and opportunities stemming from climate change. The impacts of such decisions can be significant.