Friday, 29 March 2019 12:19

Grid-F has Expressed Support for the TCFD Recommendations

Written by
March 20, 2019 - Grid & Finance Advisors Co., Ltd. (Minato-ku, Tokyo) has expressed support for the recommendations of the FSB1 Task Force on Climate-related Financial Disclosures (TCFD) announced in 2017. (See TCFD official website

The recommendations include disclosing clear, comparable and consistent information on the risks and opportunities presented by climate change. Although the original point is that financial institutions are recommended to reevaluate the risk in their portfolio, in fact, it could be a tool to capture the possibility that the business itself will have a major impact on all the companies that do business. Among ESG issues (environment, society and governance) and SDGs, climate change is a particularly important and urgent issue. We have provided a service that helps companies incorporate TCFD approach into corporate management and business strategies from the beginning of the announcement of the TCFD recommendations.

Currently, in Japan, in addition to financial sectors, such as Nippon Life, GPIF(Government Pension Investment Fund), Japan Exchange Group, etc., companies, such as Mitsubishi Corporation, Sekisui Chemical, Fujifilm Holdings, Hitachi Ltd., Ricoh Co., Sekisui House, etc., and government agencies, such as FSA(Financial Services Agency), METI(Ministry of Economy, Trade and Industry), Ministry of the Environment have also expressed their support, and we became a TCFD recommendations’ supporter at 66th in Japan. In the world, more than 580 companies and organizations are supporting the recommendations as of March 2019.

To date, Grid & Finance Advisors has aimed to contribute to the realization of a sustainable society, including the signing of the PRI (Responsible Investment Principles) and the approval of the JCI (Climate Change Initiative). In addition to being a TCFD supporter, we would like to provide services to further expand the supporters.

*1 FSB refers to G20 (Government Meeting on Financial World Economy) Financial Stability Board (FSB).
The FSB Task Force on Climate-related Financial Disclosures

The FSB Task Force on Climate-related Financial Disclosures (TCFD), established under the FSB at the request of G20 Finance Ministers and Central Bank Governors, has identified the financial impact of risks and opportunities caused by climate changes.
More than 580 companies and organizations in 31 countries in the world are supporting the TCFD (as of February 2019). In addition, Japan's major financial institutions have also expressed their support.