RWS announces support for the Task Force on Climate-related Financial Disclosures

RWS announces support for the Task Force on Climate-related Financial Disclosures

Chalfont Saint Peter, UK
9/16/2021 8:00:00 AM
RWS, a content solutions company, powered by technology and human expertise, has today pledged its support for the Task Force on Climate-related Financial Disclosures (TCFD), joining more than 2,500 organizations in demonstrating a commitment to building a more resilient financial system and safeguarding against climate risk through better disclosures.
 
The TCFD provides market participants with recommendations to address the financial impact of climate change on their business. By increasing transparency on financially material climate-related risks and opportunities the recommendations promote more informed financial decision-making by investors, lenders and others.
 
Supporters of the TCFD span the public and private sectors and include national governments, central banks, stock exchanges, credit rating agencies, financial organizations and private sector businesses from a variety of industries.
 
“TCFD provides a useful framework to increase our understanding of climate-related risks and opportunities, resulting in better risk management and strategic planning” said Ian El-Mokadem, CEO, RWS. “We are committed to taking action to achieve better efficiencies and minimize our environmental impact, helping to lead the transition to a low carbon economy and create a more sustainable future for us all.”
 
Widespread implementation of the TCFD recommendations will provide investors, lenders and insurance underwriters with consistent and relevant information to understand the economic risks and opportunities resulting from climate change. Increased disclosures in line with the recommendations across sectors and geographies will help global markets make more efficient capital allocation decisions and adjust appropriately to the disruptive effects of global climate change.
 
Implementing the TCFD recommendations is expected to provide companies with:
 
  • Easier or better access to capital by increasing investors’ and lenders’ confidence that climate-related risks are appropriately assessed and managed,
  • Better ability to meet existing disclosure requirements by reporting material information in financial filings,
  • Increased awareness and understanding of climate-related risks and opportunities, resulting in better risk management and more informed strategic planning, and
  • The ability to proactively address investors’ demand for climate-related information in a framework that investors are increasingly asking for.
For more information about the Task Force on Climate-related Financial Disclosures, please visit www.fsb-tcfd.org.
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