Climate Disclosures: Progress in the Banking Sector

Climate Disclosures: Progress in the Banking Sector

Thought Leadership Webinar: Learn about the first comprehensive analysis of the implementation progress of the reporting framework outlined by the voluntary Task Force on Climate-related Financial Disclosures (TCFD) in the banking sector. This webinar will look into the key takeaways from the report in terms of endorsement trends, implementation maturity, and key areas of focus and best practices.

 


Presented By:
Hector Fontaine, Sustainable Finance Lead
BCS Consulting


Date:
January 22, 2020


Time:
10:00 a.m. - 11:00 a.m. EST
3:00 p.m. - 4:00 p.m. GMT


Session Length:
60 minutes

 

About This Webinar

The Task Force on Climate-related Financial Disclosures (TCFD) was formed by the Financial Stability Board (FSB) in December 2015 in response to a request from the G20 countries to better understand the financial risks posed by climate change. The main objective of the TCFD is to develop consistent climate-related financial disclosures to help investors, lenders, and insurance underwriters improve their understanding and analysis of climate-related risks and opportunities.

The first detailed assessment of the progress by the global banking sector in implementing the Task Force Climate-related Financial Disclosures (TCFD) recommendations has been produced. The report covers endorsement trends, implementation maturity and key areas of focus and best practices. The findings of the report have been widely covered by the media in the UK and internationally and highlight the following:

  • Europe is leading TCFD framework implementation, US and Asia-Pacific are significantly lagging behind
  • The most advanced area of disclosure is banks’ own environmental operational footprint, whereas carbon impact of services banks provide is the least mature
  • There is significant potential to grow coverage of the framework by engaging the largest banks, especially from China and US
  • TCFD engagement shows some signs of stagnation: more action is required to increase endorsement of the framework by targeting regions beyond Europe
  • More government action is required to enhance climate-related financial disclosures in the sector; the countries with the most advanced disclosures and the countries with the highest TCFD engagement, tend to be those where there is clear evidence of an active national climate agenda.

In this webinar, Hector Fontaine, Sustainable Finance Lead at BCS Consulting, will present the key findings of the report in terms of endorsement trends, implementation maturity and key areas of focus and best practices.


About Our Expert  

  
 
 

Hector Fontaine is the Sustainable Finance Lead for BCS Consulting. Hector has deep expertise in risk, finance and sustainability, advising and supporting many of the world’s largest financial institutions in these areas for many years.

In 2018 Hector directed and co-authored the BCS Consulting ESG Banking Benchmark Report, a unique research piece assessing ESG disclosure standards in the industry. Most recently Hector directed and co-authored the BCS Consulting Task Force on Climate-related Financial Disclosures Recommendations: Progress in the Banking sector report. Hector holds an APRM qualification by the Professional Risk Managers’ International Association, a master of science from University College London and is currently completing a masters in finance at London Business School.

 

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When
1/22/2020 10:00 AM - 11:00 AM
Where
Thought Leadership Webinar
 

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