3rd of September 2020
RAEX-Europe announced its support for recommendations by the Task Force on Climate-related Financial Disclosures
Rating-Agentur Expert RA GmbH (RAEX-Europe) today announced its support for the recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). Henceforth, RAEX-Europe will boost its efforts to help to realization of sustainable society brought by virtuous cycles of the environment and the economy.
The TCFD was established by the Financial Stability Board (FSB) in response to a call for action from leaders of countries participating in the 2015 G20 meetings. Published in June 2017, its final recommendations seek to support the corporate efforts to disclose information on climate-related risks and opportunities and stabilize financial markets through the smooth migration to a low-carbon society.
The FSB is an international organization engaged in promoting harmonization among regulators responsible for responding to vulnerabilities in and stabilizing financial systems. As of the end of 2018, members included representatives of the central banks of 25 leading countries and regions, financial regulators, the International Monetary Fund (IMF), the World Bank, the Bank for International Settlements (BIS), and the Organization for Economic Co-operation and Development (OECD).