Alpha Chia’s Post

Last week, the TCFD released its sixth and final status report. Key findings include: Ninety-seven (97) of the 100 largest companies in the world have declared support for the TCFD, report in line with the TCFD recommendations, or both. Over 80% of the largest asset managers and 50% of the largest asset owners reported in line with at least one of the 11 recommended disclosures. Click here for additional highlights and findings.

TCFD is a huge opportunity for asset managers. Morningstar The Taskforce on Climate-Related Financial Disclosures (TCFD)'s goal is to promote transparent climate reporting so investors and lenders have the data they need to make more informed decisions about how capital is allocated. 🔗 Read the full article on Investment IQ: https://incm.pub/3zwmxPk #financialadviser #investment #investmentmanagement #finance

TCFD is a huge opportunity for asset managers. Morningstar The Taskforce on Climate-Related Financial Disclosures (TCFD)'s goal is to promote transparent climate reporting so investors and lenders have the data they need to make more informed decisions about how capital is allocated. 🔗 Read the full article on Investment IQ: https://incm.pub/3Wh9Lx6 #financialadviser #investment #investmentmanagement #finance

TCFD WATCH 📺: ARE YOU READY? The end of June saw the first major milestone for large asset managers’ mandatory TCFD-aligned reporting in the UK. Asset managers managing more than £50 billion should have published their first entity-level reports in line with the TCFD recommendations, based on calendar 2022 data. Product-level TCFD reporting is up next. Asset managers and asset owners with over £5 billion should now be compiling their data for 2023, ready to publish their first reports by June 2024. Learn more on the current TCFD requirements as FE fundinfo's Regulatory Manager, Mikkel Bates, provides an update on TCFD-aligned disclosures in the UK. Watch the recording now and stay up to date with the regulation: https://hubs.ly/Q0222zlM0 #TCFD #FEfundinfo #FundManagers #TCFD Reporting #ESG #Sustainable Finance #ESG Reporting

9 October 2023 at 08:30 BST - the launch of the Transition Plan Taskforce (TPT) best practice #DisclosureFramework for climate #transitionplans. The Transition Plan Taskforce (TPT) was launched by HM Treasury in April 2022 to develop the gold standard for private sector #climate transition plans. In January 2022, the FCA introduced rules for listed companies and large regulated asset owners and asset managers to disclose transition plans as part of their Task Force on Climate-Related Financial Disclosures (#TCFD)-aligned disclosures, initially on a comply or explain basis. The FCA has committed to draw on the TPT’s outputs to strengthen disclosure requirements for listed companies and regulated firms, and encourages early engagement with the #TPTFramework. The FCA sits on the TPT Steering Group and Delivery Group and participates in its workstreams.

We are delighted to share with you our latest FREE MEMBER-ONLY Task Force for Climate Related Financial Disclosures Guide (TCFD). The TCFD already applies to large firms and comes into force for firms with less than £50bn AUM and more than £5bn on 30 June this year.   Working in conjunction with Alpha FMC, a specialist management consultancy for the Wealth and Asset Management industries, we have developed a TCFD guide to support Wealth Managers with publishing their TCFD reports for the first time this year or for those looking to improve their existing reporting for the future. The guide contains information on: 👉Reporting deadlines and firm requirements 👉What must be reported for entity-level and product-level reporting 👉Examples of publicly available reports that exceeded expectations for both entity and product-level reporting 👉Areas to consider for first-time report development 👉A checklist for success – steps firms can take to prepare for reporting Ensure you are up to date and read the guide now - https://pimfa.cc/Xknmq #esg #wealthmanagement #financialservices #sustainablefinance    

I urge all PIMFA - Personal Investment Management & Financial Advice Association member firms to read this

Working in conjunction with Alpha FMC, a specialist management consultancy for the Wealth and Asset Management industries, we have developed a Taskforce for Climate Related Financial Disclosures (TCFD) guide to support #WealthManagers with publishing their TCFD reports for the first time this year or for those looking to improve their existing reporting for the future. The guide contains information on: 👉Reporting deadlines and firm requirements 👉What must be reported for entity-level and product-level reporting 👉Examples of publicly available reports that exceeded expectations for both entity and product-level reporting 👉Areas to consider for first-time report development 👉A checklist for success – steps firms can take to prepare for reporting Ensure you are up to date and read the guide now - https://pimfa.cc/Xknmq #esg #wealthmanagement #financialservices #sustainablefinance

Over 1,350 large companies showed increased alignment with climate-related financial disclosures in FY 2022, demonstrating greater overall adoption of the TCFD framework. Other highlights from the TCFD’s recently published final report include: 🔹 58% of companies aligned with at least 5 of 11 TCFD disclosures in FY2022, but only 4% disclosed in line with all 11 TCFD recommendations. 🔹 Sustainability and annual reports are 4X more likely to have TCFD-aligned information than financial filings. 🔹 Insufficient information from public companies is the top challenge for asset managers executing climate-related reporting. Read the FSB Task Force on Climate-related Financial Disclosures (TCFD) full 2023 Status Report to learn more: https://lnkd.in/eGjgA4hQ #TCFD #ClimateDisclosures #CorporateSustainability 

On October 12, 2023, the FSB Task Force on Climate-related Financial Disclosures (TCFD) released its sixth and final Status Report. Notable findings from the report include: ➡️Reporting in line with the TCFD is increasing. For fiscal year 2022 reporting, 58% of companies disclosed in line with at least five of the 11 recommended disclosures but only 4% disclosed in line with all 11 disclosures. ➡️ There is limited disclosure of climate-related financial information in financial filings. Most jurisdictions that have final or proposed climate-related disclosure requirements indicate that such disclosures be reported in financial filings or annual reports. ➡️ More than 80% of the largest asset managers and 50% of the largest asset owners reported in line with at least one of the 11 recommended disclosures. Access the 2023 Status Report here: https://lnkd.in/eGjgA4hQ #esg #responsibleinvestment #TCFD #climatechange