The Financial Sustainability Board created the TCFD to improve and increase reporting of climate-related financial information. Investec’s report discloses all fossil-fuel risk exposures in its portfolio to shareholders. , committing to releasing its exposures.
, found that the estimated value at risk to the total global stock of manageable assets as a result of climate change ranged from $4.2-trillion to $43-trillion between now and the end of the century. “Compounding the effect on longer-term returns is the risk that present valuations do not adequately factor in climate-related risks because of insufficient information,” the report continues. “As such, long-term investors need adequate information on how organisations are preparing for a lower-carbon economy.”