MV Credit joins more than 1,500 organizations around the world in publicly supporting the TCFD recommendations.
The TCFD, chaired by Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies, provides market participants with recommendations to address the financial impact of climate change on their business. By increasing transparency on financially material climate-related risks and opportunities the recommendations promote more informed financial decision-making by investors, lenders and others.
Supporters of the TCFD span the public and private sectors and include national governments, central banks, stock exchanges, credit rating agencies, financial organizations and private sector businesses from a variety of industries.
“MV Credit are pleased to confirm our support to the TCFD recommendations and are looking forward to joining other global leaders and working together in embracing these steps to help build towards the transition into a low-carbon economy. MV Credit are committed to having transparent and consistent reporting on business actions together with clear objectives across all our asset classes as we recognise that this is crucial for development and a good way to lead the change to a promising future.”
– Frédéric G Nadal, CEO and Chair of the ESG Committee, MV Credit Partners
Widespread implementation of the TCFD recommendations will provide investors, lenders, and insurance underwriters with consistent and relevant information to understand the economic risks and opportunities resulting from climate change. Increased disclosures in line with the recommendations across sectors and geographies will help global markets make more efficient capital allocation decisions and adjust appropriately to the disruptive effects of global climate change.
Implementing the TCFD recommendations provides companies with:
For more information about the Task Force on Climate-related Financial Disclosures, please visit www.fsb-tcfd.org.
About the Task Force on Climate-related Financial Disclosures
On December 4, 2015, the Financial Stability Board (FSB) established the industry-led Task Force on Climate-related Financial Disclosures (TCFD) with Michael R. Bloomberg as Chair. The Task Force currently has four Vice Chairs and 32 members in total. The TCFD was asked to develop voluntary, consistent climate-related financial disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders, which were published in the TCFD Recommendations Report on June 29, 2017. More information about the TCFD can be found at www.fsb-tcfd.org.