Task Force on Climate-Related Financial Disclosures report: 2022

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Climate change is top of our agenda.

This Task Force on Climate-Related Financial Disclosures (TCFD) report is about how we consider climate change-related risks and opportunities within the investments we manage for our members. It includes the metrics, scenarios, and targets we have set and the investment decisions we have made to address climate change.

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The report covers the period 1 October 2021 to 31 March 2022. It is our first TCFD report.

About the TCFD

The Task Force was set up in 2015 by the Financial Stability Board to encourage companies and investors to report the financial risks from climate change. TCFD has since been adopted by policy makers and regulators, including the UK government.

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Find out more about our approach to responsible and sustainable investment.