Mumbai: Tata Steel in collaboration with the Task Force on Climate-related Financial Disclosures (TCFD) organised an outreach programme today with industry experts to discuss and deliberate on how to manage risks and opportunities related to climate change. The event, held in Mumbai, was attended by eminent people across industry, finance, government and senior members from the Task Force Secretariat.
The session largely showcased the work of the TCFD. It discussed the objectives of the Task Force, the Phase I report, published in March this year that sets out its remit and principles of effective disclosures and how leading companies and investors in India are integrating climate risks and opportunities into their business strategies.
The programme included discussion on the on-going work of the Task Force during its current Phase II. As part of the Phase II work, the Task Force is organising outreach programmes across geographies to raise awareness about the criticality of climate change and its impact on the financial stability of the economy. In addition, it is planning to have bilateral discussions with more than 250 target companies globally to solicit their feedback. The Task Force will publish its Phase II report in December 2016.
KEYWORDS: Finance & Socially Responsible Investment, Environment & Climate Change, risks, opportunities, climate change, event, India, Mumbai, FSB, Financial Stability Board, Report, CFO, investors, preparers, data, filings, disclosures, 10K