UNEP FI, together with twenty 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, Citibanamex Pension Fund, DNB Asset Management, Desjardins Group, Kommunal Landspensjonskasse, La Française Group, Manulife Asset Management, Nordea Investment Management, Norges Bank Investment Management, Rockefeller Asset Management, Storebrand Asset Management, and TD Asset Management.  A number of real estate investment firms are also supporting a real estate focused component of the project: Bentall Kennedy, City Developments Ltd, Investa Property Group, LaSalle Investment Management, Link Real Estate Investment Trust, M&G Real Estate.

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 in early 2019.

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 know more about the pilot, please get in touch with Elodie Feller; elodie.feller@un.org, and/or Remco Fischer; kai.fischer@un.org.