October 8 (tue), 2019
On-demand Video
The Digest of the TCFD Summit 2019
The Digest of the TCFD Summit 2019
Group photo of Speakers
From TCFD SUMMIT
Mr. Mark Carney, Governor, the Bank of England
To bring climate risks and resilience into the heart of financial decision-making, climate disclosure must become comprehensive, climate risk management must be transformed, and investing for a two-degree world must go mainstream.…Now,…disclosure needs to go beyond the static to the strategic. Financial markets need information to assess which companies are resilient to climate change. To this end, companies, their banks, insurers and investors must:
1. Increasing the quantity and quality of disclosures by sharing best practices
2. Refining those disclosures to the most decision-useful metrics
3. Spreading knowledge on how to measure knowledge on strategic resilience
4. TCFD should begin to consider how asset owners could best disclose the extent to which their portfolios are positioned for the transition to net zero
→ At present of course one of the biggest hurdles to doing these is the huge variation in the measurement of ESG. Common taxonomy is to identify environmental outperformance, such as the EU's Green Taxonomy and the UN bond standard can help, but these taxonomies have tended to be binary, in other words either dark green or all brown, and mainstream sustainable investment will require a richer taxonomy, if you will, "fifty shades of green."
A scene from Panel discussion 1
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![]() APG AM |
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![]() BNP PARIBAS AM |
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A scene from Panel discussion 2
A scene from Panel discussion 3