In our previous blog, we outlined, at a high-level, what it means to operationalize the TCFD framework within a company. We illustrated how developing corporate-level TCFD-aptitude can start with asking some pointed questions. The right questions will reveal whether the company’s internal and external stories on climate change match and whether the climate-related disclosures of […]
Tag: Climate Change
What Exactly is the TCFD?
If you’re a publicly-traded company, you’ve probably heard the phrase ‘TCFD’ mentioned. In this article, we discuss: The TCFD stands for the Task Force on Climate-related Financial Disclosures. It is a framework that organizations can use to publicly disclose the climate-related risks and opportunities to their businesses. More than 4,000 businesses and governments around the […]
Initiating the Carbon Footprint Assessment of an Investment Portfolio
Role of Financial Institutions in Achieving Net-Zero 2020 was a significant year where commitments around “net-zero targets” gathered momentum. Announcements were made across the board, from national governments to industries and sectors to achieve net-zero carbon emissions by a specific date. The Paris Agreement has established a timeline to 2050 to achieve this, with concrete […]
Intro to Scenario Analysis: What is it & How is it Helpful?
There’s a rapidly growing consensus among top global business leaders that the impacts of climate change pose a sizable financial risk in the short- and long-term. Despite this recognition, companies are unsure how climate change will unfold. Governments are continually introducing new policies, technologies are rapidly evolving, and people’s behaviours are in constant flux. When […]
Our Top Climate Reads of 2020
With 2020 coming to a close, we at Manifest took a look back at the reports, papers, and articles on climate change that had the biggest impact on us. Despite the enormous challenges presented by COVID-19, the world made important steps this year towards accelerating the transition to a low-carbon economy. Whether it’s better disclosure […]
Canada Commits to Net-Zero in New Legislation
Risk management, a national strategy and plan, oversight and governance, transparent metrics and targets – Canada now has a proposed legal framework for meeting our global climate commitments; and it looks rather like the recommendations of the Task-Force on Climate-Related Financial Disclosures (TCFD). Today, Canada’s federal government tabled long-awaited legislation outlining a roadmap for meeting […]
Beyond PRI: How (and Why) to Become a Climate Leader
Asset managers have flocked to become members of the Principles for Responsible Investment (PRI). With climate change rising up the agenda, how will you stand out? Over the last decade, responsible investment has moved from fringe to mainstream. Asset managers have responded to new market dynamics and reassessed their investment processes to understand how ESG factors […]
2020 Teaches Pension Fiduciaries to Prepare for Climate Change
Like the COVID-19 pandemic, climate-related events have the potential to impact pension investments and funding obligations, as well as day-to-day plan operations. The adversity that administrators have adapted to this year can provide lessons for building more resilient governance structures for retirement plans. 2020 has made us look more broadly at external risks that can […]
Achieving Paris-Alignment: New investor initiative provides blueprint for net-zero alignment
A growing trend in the market amongst climate-aware institutional investors is a commitment to align their investment portfolios with the Paris Agreement, and contribute towards the goal of net-zero global emissions by 2050. To help investors achieve these objectives, the Institutional Investors Group on Climate Change’s (IIGCC) Paris Alignment Investment Initiative, supported by 70 European investors […]
Top 5 Takeaways from PRI’s First Year of Mandatory TCFD Reporting
PRI’s first year of mandatory climate reporting has shed light on the quality of disclosures by its investor signatories – asset owners and investment managers. One-fifth of these signatories chose to make their disclosures public and a quarter carried out scenario analysis. Non-European players were among the top 10 markets reporting on climate-related indicators. While […]