What is TCFD?
The Task Force on Climate-Related Financial Disclosures (TCFD) is a group set up by the Financial Stability Board which published a number of recommendations for corporates to disclose risks related to climate change. The Financial Conduct Authority (FCA) adopted these recommendations as the baseline for reporting by listed companies and by asset managers, life insurers and FCA-regulated pension providers.
Requirements for fund managers
The FCA’s Policy Statement (PS21/24) and the ESG sourcebook sets out the recommended disclosures at both an entity and product/fund level, with metrics and targets aligned to reaching net zero by 2050. These disclosures will need to be published on the company website and other appropriate client communications such as the annual report, annual pension statement or other periodic client reports. TCFD disclosures will likely be incorporated into the new Sustainability Disclosure Requirements (SDR) which are expected to be published in 2023.
Our TCFD Report production service automates the production of TCFD reports for UK asset managers and asset owners, including the disclosure of greenhouse gas emissions, carbon emissions, carbon footprint and carbon intensity.
How we can help
Our TCFD reporting solution allows you to future-proof your ESG reporting mandates in the UK and ensures you comply with TCFD disclosure requirements at both a product and entity level.
Integrated investor communications
By leveraging our data and regulatory expertise, you can seamlessly integrate your TCFD data and reports into existing client communications to streamline your internal processes.
Be a part of leading the implementation of new global standards for sustainability and arm your investors with transparent and accurate information empowering them to make more environmentally-led decisions.
Our dedicated data and technology teams produce over 550k regulatory documents every year. Our document production expertise delivers consistent outputs configured for your unique business needs and disclosure requirements.
Key features of TCFD
We are data provider agnostic and support data delivery in all forms and from various sources, to ease integration with your current operating model. From csv. and xslx. files and from internal to third party sources, we ingest all data based on your unique business requirements.
We ensure data alignment between your regulatory reports and your client facing ESG documents such as ESG factsheets, so you can be confident in the consistency and accuracy of all reports produced.
Publication and dissemination
Our data experts will help you with the publication of your ESG reporting mandates, as it evolves over time with the integrated SDR regime. Our deep regulatory experience means you are always ahead of complying with necessary regulatory requirements and are guided through every step.
Automated workflows, audit trail and document archive
Our user-friendly interface has been built to ease workflow management and streamline sign off procedures, while ensuring regulatory compliance at scale. The portal records a trail of completed actions, essential for any transparent and compliant process. Published documents are archived for 10 years should you ever need to review them in future.
FE fundinfo has successfully completed its transition to, and the production and dissemination of, the revised Key Information Documents (KIDs) for Packaged Retail and Insurance-Based Investment Products (PRIIPs), in time for the European deadline of 1 January 2023.
To promote sustainable financial investments, the Swiss Federal Council launched the Swiss Climate Scores in June this year. Does this represent a step forward or does it simply mean more work for fund managers?