Why we need more ambitious TCFD targets

April 2022

Tegolin Harding recently spoke to Professional Pensions about the need for more ambitious #TCFD targets – especially among larger schemes who will be setting the standard and blazing a trail for others to follow.

The Task Force on Climate-related Financial Disclosures (TCFD) has now been in force since October 2021 for the largest pension schemes. This means that alongside climate disclosures, schemes with £5bn or more in assets are currently obliged to set at least one target to manage climate risk in relation to a chosen metric, such as emissions or implied temperature rise or data quality.

In the interview, Tegs explains that now is the time to be ambitious rather than aim to achieve the minimum standards if we are to achieve our climate goals.

You can read the full interview online at Professional Pensions.