UNEP FI, together with 16 of the world’s leading banks, is working on implementing the recommendations set out by the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). This pilot project is a pioneering initiative to develop scenarios, models and metrics to enable scenario-based, forward-looking assessment and disclosure of climate-related risks and opportunities. The UNEP FI TCFD pilot group includes the following UNEP FI member banks: ANZ, Barclays, BBVA, BNP Paribas, Bradesco, Citi, DNB, Itaú, National Australia Bank, Rabobank, Royal Bank of Canada, Santander, Société Générale, Standard Chartered, TD Bank Group and UBS.
Upon the conclusion of this pilot project, its results will be made publicly available in an open source format. The published scenarios, models and metrics will contribute to a harmonized industry-wide approach to the TCFD’s recommendations as banks worldwide will be able to adopt and build upon them. The TCFD Pilot Project Report is expected to be published by the beginning of the second quarter of 2018.
UNEP FI member banks of course will have various opportunities to gain insights into the pilot’s progress before publication of the results. If you are a UNEP FI Banking member and you would like to know more about the development of the pilot project, please sign up to our mailing list by sending an email to [email protected].
UNEP FI organized a second round of webinars to provide an update on the Task-Force on Climate-Related Financial Disclosures (TCFD) Pilot project for the broader UNEP FI membership on 26th February. UNEP FI members can find a recording of the webinar on the UNEP FI Members’ Extranet. Please [email protected] if you have any further questions.