M&G today announces its commitment to support the Task Force on Climate-related Financial Disclosures (“TCFD”) and has joined Climate Action 100+.
"Climate change is a risk for investors but also an opportunity to help finance long term solutions"
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."