Implement the Recommendations of the Task Force on Climate Related Disclosures
|Name of initiative||Implement the Recommendations of the Task Force on Climate Related Disclosures|
|Secretariat||Erin Callahan, CDP, phone: 1 646 517 1448, e-mail: email@example.com|
|Organisational structure|| Leading organisations: Climate Disclosure Standards Board, CDP, We Mean Business (and constituent partners BSR, B Team, WBCSD, The Climate Group, Ceres, CDP, and CLG).
The same organisation as "Climate Disclosure Standards Board" at www.cdsb.net Organisational connected to: Remove commodity-driven deforestation, and Corporate Engagement in Climate Policy.
|Name of lead organisation||CDP|
|Type of lead organisation||Network/Consortium/Partnership|
|Location/Nationality of lead organisation||United States of America|
|Description||A group of companies and investors sharing a concern that financial markets do not yet take sufficient account of climate-related corporate performance, risks and opportunities relevant to future shareholder value because of a lack of comprehensive and comparable information in “mainstream” corporate reports for the investment community.|
|Objectives|| In the long-term, the goals of this initiative are to work alongside the other commitments in the We Mean Business commitments framework to provide businesses with a clear pathway for changing their behavior and approach to managing climate risk, and to leverage business action to put the world on track to meet the 2 degree decarbonization goal laid out in the Paris agreement.
In the short term the initiative seeks to continue growing the number of companies reporting climate information in their mainstream reports, and to educate and inform companies about the resources and tools available to support them in meeting these goals.
|One or two success stories achieved|| The initiative has worked to socialize the commitment and build relationships with key stakeholders in the reporting space and beyond. Post COP21 our strategy is to integrate mainstream reporting into standard business practice.
The commitment has seen expansive sign on and very quickly become mainstreamed among top climate performers and a wide range of global brands, including: • Walmart • Verizon • Tata Group • Siemens • L’Oreal • Honda Motor Company
Monitoring and Impacts
|Function of initiative||Capacity building, Implementation|
|Activity of initiative||Training and education, Goal setting (ex-ante)|
|Comments on indicators and goals|
|How will goals be achieved|
|Have you changed or strenghtened your goals|
|Progress towards the goals||Since 2015 the initiative has continued to educate, track and invite company participation. To date nearly 200 companies and investors have joined, and the initiative leads regular webinars, events and outreach with individual companies, industry groups and other stakeholder groups.|
|How are you tracking progress of your initiative|| The initiative tracks the number of companies that have made this commitment on an ongoing basis via the initiative’s web page: http://www.wemeanbusinesscoalition.org/content/report-climate-change-information-mainstream-reports-fiduciary-duty
Companies are also asked to report progress via CDP’s annual climate change questionnaire, via CC4.1. Details on how to do this is included in CDP’s reporting guidance documents.
|Available reporting||All company commitments to this initiative are tracked via the We Mean Business and CDP websites. Additionally, companies are asked to track progress via CDP’s annual questionnaire. CDP’s climate change reporting guidance provides details to companies on how to report progress.|
|Companies||18||A2A (Italy),Cathay Financial Holding (Australia),E.SUN Commercial Bank (China),ENAGAS (Spain),FERROVIAL (Spain),Galp Energia (Portugal),Groupe PSA (France),Iberdrola (Spain),Koninklijke DSM (Netherlands),LUX* Hotels & Resorts (Mauritius),Marks and Spencer Group (United Kingdom),Signify NV (Netherlands),Sopra Steria Group (France),Unilever (United Kingdom),Wipro (India),WPP Group (United Kingdom).|
|Research and educational organisations||0|
|Regional / state / county actors||0|
|City / municipal actors||0|
|Financial Institutions||4||Aviva plc (United Kingdom), Landsec (United K.), Hannon Armstrong Sustainable Infrastructure Capital (USA, Zurich Insurance Group (Switzerland).|
|Number of members in the years|| |
|Have only national states as participators||No|
|Transport||Agriculture||Forestry||Business||Financial institutions||Buildings||Industry||Waste||Cities and subnational governments||Short Term Pollutants||International maritime transport||Energy Supply||Fluorinated gases||Energy efficiency||Renewable energy||Supply chain emission reductions||Adaptation||Other||Resilience||Innovation||Energy Access and Efficiency||Private Finance|
Not only have national states as participators