Royal London Asset Management shares TCFD report

Royal London Asset Management today shares its annual Climate Report, which follows the Task Force on Climate-Related Financial Disclosures (TCFD)* guidelines.

Recognising that climate change is one of the biggest risks facing society, this is the third year in which Royal London Asset Management has produced a TCFD report.

The report sets out Royal London Asset Management’s approach to identifying, assessing, and managing climate-related risks and opportunities within its business and with the companies it holds or considers for investment. It covers developments made by Royal London Asset Management in 2022, including the evolution of its Net Zero Stewardship Programme which looks at deeper engagement with companies on their net zero ambitions.

Commenting, Royal London Asset Management’s Head of Climate Transition and Engagement Carlota Garcia-Manas said:

“In the years since we started producing this report, we have seen the level of understanding around climate action evolve, and the current disclosure focus in the asset management sector is primarily on emissions measurements and scenario analysis.

Looking at this data is useful, but we believe we need to work together as an industry to focus on actions and to gain better quality insights to make more of a positive impact on the real economy.

This report illustrates our views on current climate action and the risks and opportunities it poses for our business and for the companies and assets we invest in or are considering for investment.”

The full report is available here.

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The views expressed are those of the author at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.