Investors across Australia, New Zealand and Asia have welcomed the release of the Financial Stability Board Taskforce on Climate-Related Financial Disclosures (TCFD) final recommendations.
This industry-led taskforce, originally established under the G20, demonstrates that business is developing their own response to climate change as a commercial reality, separate to the policy response. Investors across the region have welcomed the release of the final TCFD recommendations as a significant milestone.
Emily Chew, Head of ESG Research and Integration, Manulife Asset Management and Chair of the Asia Investor Group on Climate Change (AIGCC), said: “The TCFD recommendations provide invaluable guidance for investors and corporations to increase their disclosure as they look to mitigate investment risks from climate change, as well as capitalize on emerging low carbon and green finance investment opportunities. AIGCC will continue to support investors and corporations in the Asian region in their efforts to adapt and align their investments to a two-degree future”.