Climate change disclosure: the role of the TCFD in driving effective board behaviour

Organised by Chapter Zero France in collaboration with AMF (Autorité des marchés financiers), AXADeloitteLegal&General Investment Management and SCOR

Date: 26/03/2021

Three takeaways

  • The 4 components of TCFD (governance, strategy, risk management and metrics/targets) are often treated separately while they are meant to be the 4 facets of the same representation and to be fully consistent.
  • Scenario analysis is a powerful baseline for a fruitful dialogue between the management and the board: beyond the reporting, what is interesting for the board are the implications and the way to make the company’s business more resilient.
  • The TCFD is not just  a ‘conversation tool’, it is already an ‘investment tool’, which means Investors are eagerly looking for transition plan and hence to re-allocate capital. 

 

A one-pager summary of the session by ShARE is available for Chapter Zero France members. If interested, please contact us. 

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Webinar speakers

Speakers : 

  • AMF (Autorité des marchés financiers) – Julie Ansidei, Head of Strategy and Sustainable Finance, Secretary to the Executive Committee
  • AXA – Sylvain Vanston, Group Head of Climate Change & Biodiversity; Member, Taskforce on Climate-related Financial Disclosures
  • SCOR – Michele Lacroix, Head of Group Investment Risk & Sustainability; former chair of the EFRAG Lab project task force on climate disclosures; Chair of the Project Task Force on Climate-Related Reporting at EFRAG; member of the Technical Expert Group on Sustainable Finance at the European Commission
  • Legal&General Investment Management – Meryam Omi, Head of Sustainability & Responsible Investment Strategy

Moderator :

  • Deloitte – Eric Dugelay, Partner Sustainability Services; Member, Taskforce on Climate-related Financial Disclosures
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