Task Force on Climate-Related Financial Disclosure

Delve deeper into the issues that interest you the most and know that you are at the cutting edge of the climate finance conversation. CMIA’s working groups give our members the opportunity to share their unique expertise and push the advocacy of climate finance and investments, instruments and best practices on complex issues.

Fact File

Name: Task Force on Climate-Related Financial Disclosure Working Group

Chairs: Jon Williams, Partner at PwC and Madeleine Rawlins, Principal Consultant, Mott MacDonald

Contact: jon.d.williams@pwc.com; madeleine.rawlins@mottmac.com

Purpose: To support the implementation of the Financial Stability Board (FSB) TCFD recommendations, viewing these as a game-changer for the private sector and green capital markets.

Current Focus:

  • How to integrate transition risks into investment decisions
  • How to integrate physical risks into investment decisions
  • How securities regulators should converge on TCFD

Delve Deeper

The Paris Agreement marked a turning point in the international response to climate change when nearly 200 Governments came together to limit global temperature rises to below 2 degrees.  In 2017, the Financial Stability Board (FSB) Task Force on Climate-Related Financial Disclosures (TCFD) released their final recommendations on how companies should report on their exposure to climate change risks and opportunities.

Whilst the adoption of the TCFD recommendations remains voluntary there is an opportunity for the private sector to shape how they will report on climate change risks and drive this disclosure agenda. CMIA supports the widespread adoption of these recommendations by the financial sector and listed companies, as well as encouraging governments and securities regulators to converge on TCFD, making the disclosure of climate risks based on the TCFD recommendations mandatory.

CMIA provides thought leadership on how disclosure will affect financing, what premiums investors will apply because of TCFD and how climate change risks can be applied to investment decisions.

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