TCFD: A coalition for climate action

“I am very pleased that so many Danish companies have already implemented the recommendations from the Task Force on Climate-related Disclosures (TCFD) because it will contribute to a more transparent and consistent reporting on climate-related risks and opportunities. Denmark supports the implementation of the recommendations because the companies can thereby provide investors, lenders and insurance underwriters with relevant information to understand the economic risks and opportunities resulting from climate change.”​​​​​​

Simon Kollerup, Minister for Industry, Business and Financial Sector - Denmark, October 2020

“Euronext is committed to accelerate the transition towards sustainable finance and to contribute to the financial stability of the countries in which we operate as a key pillar of our Strategic Plan. As part of this strategy, Euronext supports the TCFD recommendations to ensure transparency on climate-related risks and opportunities in financial markets.”​​​​​

Stéphane Boujnah, Euronext CEO and Chairman of the Managing Board, December 2020

“It is necessary for all parties in our investment chain, from portfolio companies to asset managers, to support TCFD so that asset owners like us can properly access our portfolio. I am  convinced that TCFD will continue to evolve as a major framework for such disclosure and strongly recommend all corporates to join.”​​​​

Hiro Mizuno, Executive Managing Director and CIO Japan Government Pension and Investment Fund, February 2020

“In AIB we put sustainability at the heart of our business strategy, and we are deeply conscious of our responsibilities and our pledge to do more. We fully commit to be a leader in the transition to a low carbon economy. Last year we became supporters of the Task Force on Climate-related Financial Disclosures and this helps us to further understand the risks and opportunities within our business. The TCFD has allowed us to collaborate with individuals, organizations and industry experts across the globe, meaning we can share best practises, and ensure greater transparency around our sustainability activity.”

​​​Colin Hunt, AIB Chief Executive, November 2020

“The NGFS emphasizes the importance of a robust and internationally consistent climate and environmental disclosure framework. NGFS members collectively pledge their support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The NGFS encourages all companies issuing public debt or equity as well as financial-sector institutions to disclose in line with the TCFD recommendations.”

​​​​​​Network for Greening the Financial System First Comprehensive Report, April 2019

“The Government welcomes the adoption of the TCFD by those corporates who are already engaged with the Task Force and is actively encouraging greater take up as more Irish firms look to accelerate and scale their own climate transition plans. The implementation of the recommendations represent good practice for good companies and opens up access to more sustainable pools of growth capital while addressing the needs of investors for greater transparency.”

Paschal Donohoe T.D., Minister for Finance of Ireland and President of the Eurogroup