Aug. 09, 2019 PR
Announcement to Express Support for the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)
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Mitsubishi Corp. - UBS Realty Inc. (hereinafter referred to as “the asset management company”), an asset management company which Industrial & Infrastructure Fund Investment Corporation (hereinafter referred to as “IIF”) entrusts with asset management, expresses support to the Recommendations published in June 2017 by the Task Force on Climate-related Financial Disclosures (hereinafter referred to as “TCFD”) established by the Financial Stability Board and signed the statement of support.
1．Overview of TCFD
TCFD stands for the Task Force on Climate-related Financial Disclosure. It was established in 2015 by the Financial Stability Board which is composed of the central banks and financial regulatory authorities of major countries.
In June 2017, in order to reduce risks associated with destabilizing financial markets, TCFD recommended that companies disclose medium- to long-term business risks and opportunities presented by climate change and the effects of climate change on these financial conditions, as well as specific measures and strategies.
TCFD stands for the Task Force on Climate-related Financial Disclosure. It was established in 2015 by the Financial Stability Board which is composed of the central banks and financial regulatory authorities of major countries.
In June 2017, in order to reduce risks associated with destabilizing financial markets, TCFD recommended that companies disclose medium- to long-term business risks and opportunities presented by climate change and the effects of climate change on these financial conditions, as well as specific measures and strategies.
Statement in English
Statement in Japanese translation
2．Initiatives by IIF and Asset Management Company to Achieve Sustainability
Based on our belief that how we address sustainability affects financial performance, IIF and the asset management company were quick to introduce such initiatives into our asset management processes, and have engaged in ESG (Environmental, Social and Governance) activities.
Based on our belief that how we address sustainability affects financial performance, IIF and the asset management company were quick to introduce such initiatives into our asset management processes, and have engaged in ESG (Environmental, Social and Governance) activities.
With the worldwide expansion of ESG investing, in which environmental, social and governance factors are taken into consideration for investment decisions, the asset management company considers the Recommendations of TCFD, which advocates disclosure frameworks for risks and opportunities posed by climate change, to be an important tool to start actively implementing various climate change measures. It has therefore agreed on the aims of Recommendations and signed the statement of support.
We will continuously aim to realize a sustainable society keeping the Recommendations of TCFD in mind while trying to reduce our environmental load and contribute to local communities in accordance with the nature of the asset management company’s business.
Information
Industrial & Infrastructure Fund Investment Corporation
KJR Management
Tel: +81-3-5293-7091