Webinar 3: Importance of Disclosing Climate-related Risks for Listed Companies in Asia
Date: 26 November, 4:00–5:00 p.m. Manila time (UTC +8)
Industry actors have started moving towards the adoption and implementation of the Task Force on Climate-related Financial Disclosure (TCFD) recommendations on climate-related financial disclosures. The TCFD is an international non-financial reporting standards that aims to develop and provide consistent climate-related financial risk disclosures to investors, lenders, insurers, and other stakeholders. More than 1,500 organizations have taken up TCFD recommendations. Some countries are taking action at the government or financial authority level: Among others, Canada, Chile, the European Union, Hong Kong, Japan, New Zealand, the UK, and Singapore have announced new policies, partnerships, or other formal support for climate-related financial disclosure in line with the TCFD recommendations. In June 2021, Finance Ministers of the G7 agreed to make climate-related financial disclosures mandatory for banks.
Corporates and banks in developing Asia are likely to increasingly come under pressure from global investors to disclose their commitment to sustainability and climate-related risks.
| Agenda of the session |
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| I. Opening Words James MacNevin, Head of Asia Pacific, State Street Global Advisors II. Introduction by the Moderator Ingrid van Wees, Vice-President for Finance and Risk Management, Asian Development Bank (ADB) |
III. Roundtable Discussion by Panelists:
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| IV. Q&A moderated by Stephen O’Leary, Head of the Office of Risk Management, ADB V. Conclusions |