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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

16 Sep 2021

RWS, the world’s leading provider of technology-enabled language, content management and intellectual property services, 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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About RWS

RWS Holdings plc is the world’s leading provider of technology-enabled language, content management and intellectual property services. We help our customers to connect with and bring new ideas to people globally by communicating business critical content at scale and enabling the protection and realization of their innovations. 


Our vision is to help organizations interact effectively with people anywhere in the world by solving their language, content and market access challenges through our collective global intelligence, deep expertise and smart technology. 


Customers include 90 of the globe’s top 100 brands, the top 10 pharmaceutical companies and 18 of the top 20 patent filers worldwide. Our client base spans Europe, Asia Pacific, and North and South America across the technology, pharmaceutical, medical, legal, chemical, automotive, government and telecommunications sectors, which we serve from offices across five continents. 


Founded in 1958, RWS is headquartered in the UK and publicly listed on AIM, the London Stock Exchange regulated market (RWS.L). 


For further information, please visit: www.rws.com.