Recent Climate change presents financial risks to the global economy. Financial markets need clear, comprehensive, high-quality information on the impacts of climate change.
This includes the risks and opportunities presented by rising temperatures, climate-related policy, and emerging technologies in our changing world.
Therefore, the Task Force on Climate-related Financial Disclosures (TCFD) is likely to become well known in coming years. What began as a voluntary set of recommendations has become part of the regulatory framework in many jurisdictions.
This is part of the growing efforts to address global climate change thoroughly. The pressure on businesses to act on the TCFD’s recommendations will only increase with time.
Our Services
Benefits of Reporting in accordance with the TCFD Recommendations
- Easier or better access to capital by increasing the confidence of investors and lenders that the bank’s climate-related risks are appropriately assessed and managed
- More effectively meeting existing disclosure requirements to report material information in financial filings
- Increased awareness and understanding of climate-related risks and opportunities within the company resulting in better risk management and more informed strategic planning
INTERNAL BENEFITS FOR FINANCIAL INSTITUTIONS
- Understand how climate change risks affect your organisation’s strategy, and performance
- Identify, assess, and manage climate-related risks of your lending/investment portfolio
- Improve your organisation’s E&S risk management system
- Identify E&S opportunities to finance new sustainable and green projects
EXTERNAL BENEFITS FOR FINANCIAL INSTITUTIONS
- Easier or better access to capital by increasing the confidence of investors and lenders that the bank’s climate-related risks are appropriately assessed and managed
- Meeting disclosure requirements to report material information in financial filings
- Meet compliance requirements of CBE, FRA, investors, and international financial institutions
- Promote climate-resilient development in line with national efforts towards a green economy, the Paris Climate Agreement, and the UN SDGs
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