Resources, Tools and Data The Current Landscape Simon Messenger Managing Director Climate Disclosure Standards Board
Climate Disclosure Standards Board To provide decision-useful environmental information to markets via the mainstream corporate report
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.
Creating the landscape to help companies translate sustainability into business impacts
Resources, Tools and Data – What is out there? 5 Are companies ready for TCFD? • 8 in 10 companies have Board-level oversight of climate change, Governance with lower amounts in North America. March 2018 | @CDSBGlobal
Resources, Tools and Data – What is out there? 6 Are companies ready for TCFD? • 8 in 10 companies have Board-level oversight of climate change, Governance with lower amounts in North America. • Fewer than 2 in 10 companies provide incentives to their Board Risk members to manage climate change. Management March 2018 | @CDSBGlobal
Resources, Tools and Data – What is out there? 7 Are companies ready for TCFD? • 8 in 10 companies have Board-level oversight of climate change, Governance with lower amounts in North America. • Fewer than 2 in 10 companies provide incentives to their Board Risk members to manage climate change. Management • 9 in 10 companies report climate-related risks and opportunities but the majority of actions taken on economic opportunities remain Strategy opportunistic, rather than strategic. March 2018 | @CDSBGlobal
Resources, Tools and Data – What is out there? 8 Are companies ready for TCFD? • 8 in 10 companies have Board-level oversight of climate change, Governance with lower amounts in North America. • Fewer than 2 in 10 companies provide incentives to their Board Risk members to manage climate change. Management • 9 in 10 companies report climate-related risks and opportunities but the majority of actions taken on economic opportunities remain Strategy opportunistic, rather than strategic. • Almost all companies currently disclose Scope 1 and 2 emissions. Metrics / Targets Only 7 in 10 companies report a decrease linked to initiatives. March 2018 | @CDSBGlobal
Resources, Tools and Data – What is out there? 9 Germany United Kingdom European • Assessing the feasibility • Recently endorsed the TCFD Union of regulation similar to recommendation Article 173 • BEIS ‘Green Finance Task Force’ • EU High Level Expert Group Canada (HLEG) on Sustainable Finance • Canadian Securities • EU Non-Financial Reporting Administrators Directive Review taskforce for TCFD • Expert Panel on Sustainable Finance 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 Australia • Article 173 • • Pushing for mandatory Australia Prudential implementation of Regulatory Authority demanding information TCFD • Australian Senate Economics Committee recommended adoption of TCFD Stock exchanges referencing the CDSB Framework March 2018 | @CDSBGlobal
tcfdhub.org
Resources, Tools and Data – What is out there? TCFD Knowledge Hub – tcfdhub.org 100+ 350+ resources scenario analysis 140+ authors 236 152 125 80 Governance Strategy Risk Management Metrics & Targets
Resources, Tools and Data – The Current Landscape Simon Messenger Leonardo Martinez Sara Law Sue Reid Managing Director Global Director Vice President Vice President Sustainable Finance Global Initiatives Climate and Energy CDSB WRI CDP Ceres tcfdhub.org
Resources, Tools and Data – What is out there? 14 Thank you tcfdhub.org Simon Messenger Managing Director, CDSB simon.messenger@cdsb.net cdsb.net
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