Bloomberg and Carney Announce Growing Support for Climate-Focused Financial Taskforce
By: Robin Whitlock
Originally posted on renewableenergymagazine.com
On the two-year anniversary of the Paris Agreement, 237 companies with a combined market capitalisation of over $6.3 trillion have publicly committed to support the Bloomberg-led Task Force on Climate-related Financial Disclosures (TCFD). This includes over 150 financial firms responsible for assets of over $81.7 trillion.
The TCFD announced the growing support at the One Planet Summit hosted by French President Emmanual Macron, celebrating the two-year anniversary. The TCFD is led by Michael R. Bloomberg and was established by the Financial Stability Board (FSB), which is chaired by Bank of England Governor Mark Carney. The companies and organisations supporting the TCFD span the entire capital and investment chain – from companies that issue equity and debt to the largest credit rating agencies to stock exchanges, and ultimately to investors that buy the equities and debt.
Supporting companies represent a broad range of industries, including construction, consumer goods, energy, metals & mining and transport. Supporters range from companies headquartered in 29 countries.
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