Climate change is a risk for investors but also an opportunity to help finance long term solutions
M&G today announces its commitment to support the Task Force on Climate-related Financial Disclosures (“TCFD”) and has joined Climate Action 100+.
The TCFD was established by the Financial Stability Board and has developed voluntary recommendations on climate-related information that companies should disclose to help investors, lenders, and others make sound financial decisions.
Climate Action 100+ is an investor-led engagement initiative bringing together 225 global institutional investors to engage with the world’s largest corporate greenhouse gas emitters, encouraging them to improve disclosure and to step-up their actions on climate change.
Anne Richards, Chief Executive, M&G Investments, says: “Climate change is a risk for investors but also an opportunity to help finance long term solutions to the environmental, economic and societal challenges that the world must address. To make good investment decisions, investors need better quality information about the risks and opportunities. We therefore wholeheartedly support the TCFD’s efforts to encourage more consistent and comparable disclosure by companies of climate-related information.
“Investors also have an important role to play as long term active managers in engaging company management on issues such as this that impact everyone. Investor participation in the Climate Action 100+ initiative recognises the importance of working together with others in our industry to effectively address the challenges and opportunities presented by climate change."
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Notes to Editors
M&G is a leading international asset manager with a long-term, active approach to investing. The firm has been helping people to prosper by putting their money to work for more than 85 years. M&G’s customers include private investors, members of pension schemes and life insurance policyholders. Responding to the ever-changing financial landscape, the firm has developed a wide range of investment solutions, across equities, fixed income, real estate, multi asset and infrastructure. At 30 June 2017 M&G manages over £281.5 / €320.6 billion in assets for its customers.
Headquartered in London, M&G employs over 2,000 people worldwide in 16 countries, managing assets in Europe, Asia and the US. M&G is the asset management arm of Prudential Plc in the UK and Europe.
As a steward of clients’ assets M&G recognises the importance of responsible investing with the analysis of environmental, social and governance (ESG) factors core to the business. M&G is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and is a member of the Climate Bonds Initiative Partners Program, which is dedicated to achieving the long-term goal of building climate resilient economies. M&G’s £27 billion real estate business arm has a sector leading approach to responsible property management, and is committed to assessing and improving the sustainability performance of its funds.
Issued by M&G Securities Limited which is authorised and regulated by the Financial Conduct Authority and provides investment products. The company’s registered office is Laurence Pountney Hill, London EC4R 0HH. Registered in England No. 90776.