See links below for the results to 6 questions posed to our audience at the 2018 RIA Conference by the Expert Panel on Sustainable Finance regarding the Task Force for Climate-Related Financial Disclosures.
Question 1 – What is the most important challenge in adopting the TCFD recommendations? View Results.
- 52% – lack of policy or ambition regarding climate / sustainable investment
- 23.5% – lack of information and analysis about climate related risks and opportunities
- 11.1% – it’s not a priority
- 9.9% – the time/cost commitment is too high
- 3.1% – Other
Question 2 – What is the most important opportunity in adopting the TCFD recommendations? View Results.
- 46.5% – Better manage risk at a systems level
- 24.8% – Better manage risk at the issuer level
- 17.2% – Identify investment opportunities
- 10.2% – Stakeholder & reputation management
- 1.3% – Other
Question 3 – What is the biggest impediment to incorporating climate change risk assessment into financial decision making? View Results.
- 42.6% – Time horizon of climate change impacts extend beyond decision making horizon
- 31% – Lack of organizational buy-in
- 23.9% – Lack of expertise and knowledge
- 2.6% – Impact on existing client relationships
Question 4 – What would cause the biggest impact on investment practices re environmental considerations? View Results.
- 49.7% – Forced climate disclosures
- 26.2% – Revised benchmarks for institutional managers
- 17.2% – Offering ESG default alternative for pension funds
- 6.9% – Measuring carbon intensity of passive funds
Question 5 – What would be most useful to spur focus on sustainable finance nationally? View Results.
- 33.1% – Specific incentives and regulatory requirements, including structured TCFD enforcement
- 30.4% – More consistent, clear, coordinated government policy
- 18.9% – Coordinated private/public sector initiatives
- 17.6% – A national narrative regarding the low carbon transition
Question 6 – What is the best focus for financing the transition to low carbon through the capital markets? View Results.
- 30.9% – Large sustainable infrastructure projects
- 25.3% – Enhanced focus on cleantech innovation
- 25.3% – Establishment of a deep/liquid green bond market
- 18.5% – Aggregation mechanism for smaller green lending (i.e. for retrofit or local distributed energy)
For more information on supporting the TCFD please visit their website here.