Resources, Tools and Data The Current Landscape. Simon Messenger Managing Director Climate Disclosure Standards Board

Transcription

1 Resources, Tools and Data The Current Landscape Simon Messenger Managing Director Climate Disclosure Standards Board

2 Climate Disclosure Standards Board To provide decision-useful environmental information to markets via the mainstream corporate report

3 Our vision A world where decisions and actions in support of sustainable financial and environmental systems are facilitated by companies reporting the impact of climate change and natural capital information on their businesses with the same rigour, quality, and value as their financial capital information.

4 Creating the landscape to help companies translate sustainability into business impacts

5 Resources, Tools and Data What is out there? 5 Are companies ready for TCFD? Governance 8 in 10 companies have Board-level oversight of climate change, with lower amounts in North America. March

6 Resources, Tools and Data What is out there? 6 Are companies ready for TCFD? Governance 8 in 10 companies have Board-level oversight of climate change, with lower amounts in North America. Risk Management Fewer than 2 in 10 companies provide incentives to their Board members to manage climate change. March

7 Resources, Tools and Data What is out there? 7 Are companies ready for TCFD? Governance 8 in 10 companies have Board-level oversight of climate change, with lower amounts in North America. Risk Management Fewer than 2 in 10 companies provide incentives to their Board members to manage climate change. Strategy 9 in 10 companies report climate-related risks and opportunities but the majority of actions taken on economic opportunities remain opportunistic, rather than strategic. March

8 Resources, Tools and Data What is out there? 8 Are companies ready for TCFD? Governance 8 in 10 companies have Board-level oversight of climate change, with lower amounts in North America. Risk Management Fewer than 2 in 10 companies provide incentives to their Board members to manage climate change. Strategy Metrics / Targets 9 in 10 companies report climate-related risks and opportunities but the majority of actions taken on economic opportunities remain opportunistic, rather than strategic. Almost all companies currently disclose Scope 1 and 2 emissions. Only 7 in 10 companies report a decrease linked to initiatives. March

9 Resources, Tools and Data What is out there? 9 Canada Canadian Securities Administrators taskforce for TCFD Expert Panel on Sustainable Finance United Kingdom Recently endorsed the TCFD recommendation BEIS Green Finance Task Force Germany Assessing the feasibility of regulation similar to Article 173 European Union EU High Level Expert Group (HLEG) on Sustainable Finance EU Non-Financial Reporting Directive Review China CSRC & People s Bank of China released climate disclosure roadmap to 2020 CSRC announcement to pilot TCFD recommendations Government announced mandatory ESG disclosure policy France Article 173 Pushing for mandatory implementation of TCFD Australia Australia Prudential Regulatory Authority demanding information Australian Senate Economics Committee recommended adoption of TCFD March Stock exchanges referencing the CDSB Framework

10

11 tcfdhub.org

12 Resources, Tools and Data What is out there? TCFD Knowledge Hub tcfdhub.org 350+ resources 100+ scenario analysis 140+ authors Governance Strategy Risk Management Metrics & Targets

13 Resources, Tools and Data The Current Landscape Simon Messenger Managing Director CDSB Leonardo Martinez Global Director Sustainable Finance WRI Sara Law Vice President Global Initiatives CDP Sue Reid Vice President Climate and Energy Ceres tcfdhub.org

14 Resources, Tools and Data What is out there? 14 Thank you tcfdhub.org Simon Messenger Managing Director, CDSB cdsb.net