UNEP FI, together with twenty of the world’s leading investors, has worked over the past year to develop scenarios, models, and metrics to enable scenario-based, forward-looking assessment and disclosure of climate-related risks and opportunities.
The work will contribute to the industry’s advancement of the recommendations of the Financial Stability Board’s (FSB) Task Force on Climate-Related Financial Disclosures (TCFD).
Access the outcomes of the pilot :
Investors, together with a specialized consulting firm (Carbon Delta), support from UNEP FI and expertise from the field have trialed their portfolios against a range of climate scenarios and co-developing a metric for determining the value at risk for equity, bond, and real estate portfolios.
The outputs and conclusions of this group are intended to stimulate and ease TCFD adoption by the wider industry, including the 1900 investor members of the Principles for Responsible Investment. Access the Report here.
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.
Member Reports :
TCFD Reporting by UNEP FI Pilot Investors
UNEP FI will host a Webinar on the outcomes of pilot including a summary of the Report launched May 10th 2019. Follow us on Bright talk for further updates: https://www.brighttalk.com/channel/17290/un-environment-programme-finance-initiative
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