26 September 2017

We are pleased to announce that UNEP FI member, BBVA Group, is the latest to join UNEP FI’s first-mover project to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) along with thirteen other leading banks. In collaboration with the pilot project group, they will jointly pioneer practical approaches to implementing the ground-breaking, forward-looking TCFD framework which will increase the amount of reliable information on financial institutions’ exposure to climate-related risks and opportunities.

Antoni Ballabriga, Global Head of Responsible Business at BBVA said, “We need a financial system that is more long-term oriented. Climate change issues have to be part of decision-making in any financial institution. Applying TCFD recommendations will challenge us to make it happen in a systematic way.”

For more information, please visit the post on BBVA’s corporate website, available in English and Spanish.


Read the press release on the launch of the TCFD pilot project here.

Read UNEP FI’s Remco Fischer on collaborating on climate disclosure in Responsible Investor’s ESG magazine here. The publication is now free to air, just register to read the magazine online.

For more information on the TCFD initiative including relevant UNEP FI reports, please view our December 2016 post here.

Read UNEP FI’s key recommendations to the Task Force from February 2017 here.

In addition, UNEP FI members have access to past webinars on the Task Force’s recommendations available on the members’ extranet.