We are excited to be part of the upcoming Britcham webinar on climate change and financial risk.
Please register here* to join us on June 30, from 9am to 10am, for an introduction to the TCFD Recommendations and how companies are implementing them, including scenario analysis to determine their climate related transition and physical risks.
Hear from Singtel, a true ‘TCFD pioneer’ in Singapore, as they share their firsthand experience working with the recommendations
Meanwhile S&P Global Trucost will present on ways companies across different sectors are measuring and reporting on the TCFD recommendations.
- Chia Boon Chong, Director Group Sustainability, Singtel
- Michael Salvatico, Head of Asia Pacific ESG Business Development, S&P Global Market Intelligence
- Russell Toop, Founder, Cheshire Consultancy Pte Ltd
Responding to growing threat of climate change, and following a pivotal speech by then governor of the Bank of England, Mark Carney, the Financial Stability Board convened the Taskforce on Climate-related Financial Disclosures (TCFD) in 2016 to develop consistent disclosure recommendations which will help companies, investors, lenders, and insurers identify and manage material risks to their business resulting from climate change.
The Taskforce issued its final recommendations in 2017 and they have since gained traction in financial regulations around the world, including with Bank Negara, which announced late last year that it will be implementing the TCFD recommendations for Malaysian companies.
Meanwhile here in Singapore, government-owned investment firm Temasek announced last October that the company will aim to halve greenhouse gas emissions of its entire portfolio by 2030.