UNEP FI, together with thirteen of the world’s leading investors, is working on developing guidelines towards a first set of climate-related investor disclosures in alignment with the recommendations of the Financial Stability Board’s (FSB) Task Force on Climate-Related Financial Disclosures (TCFD).
This pilot project will develop scenarios, models and metrics to enable scenario-based, forward-looking assessment and disclosure of climate-related risks and opportunities.
The outputs and conclusions of this group will stimulate and ease TCFD adoption by the wider industry, including the 1900 investor members of the Principles for Responsible Investment.
The UNEP FI TCFD pilot group includes the following pension funds, insurers, and asset management firms: Addenda Capital, Aviva, Caisse de Dépôt et Placement du Québec, DNB Asset Management, Desjardins Group, Kommunal Landspensjonskasse, La Française Group, Link Real Estate Investment Trust, Manulife Asset Management, Nordea Investment Management, Norges Bank Investment Management, Rockefeller Asset Management, and Storebrand Asset Management.
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 investors worldwide will be able to adopt and build upon them. The TCFD Investor Pilot Project Report is expected to be published by the end of 2018.
UNEP FI members of course will have various opportunities to gain insights into the pilot’s progress before publication of the results. If you would like to join the pilot or know more about it, please get in touch with Elodie Feller; [email protected], and/or Remco Fischer; [email protected].