Climate change reporting taskforce appoints new members

20th May 2016

An international taskforce created to develop consistent corporate reporting standards on climate change has added nine new members to its ranks as its work enters a second phase.

The Taskforce on Climate-related Financial Disclosures (TCFD) was mandated by the G20 group of nations to draw up recommendations to make climate-related financial risk disclosures by companies more comprehensive and consistent, so the information is more useful to lenders, insurers and investors.

In April, the TCFD published a report on the results of the first phase of its work, which identified gaps in the information provided by firms, such as a lack of measures that pertain directly to climate-related financial risks.

During the second phase, the taskforce will develop recommendations to improve corporate reporting on climate change.

The taskforce is chaired by former New York mayor Michael Bloomberg and initially had 22 members. Membership includes those who prepare and use corporate reports, and representatives from financial and non-financial companies.

New members announced today are:

  • Jon Williams, partner, sustainability and climate change, PwC
  • Diane Larsen, assurance partner, EY
  • Mark Lewis, managing director, head of European utilities equity research, Barclays
  • Bruno Bertocci, managing director, head of sustainable investors, UBS
  • Richard Cantor, chief risk officer, Moody’s Corporation and chief credit officer, Moody’s Investors Service
  • Eric Dugelay, global leader, sustainability services, Deloitte
  • Udo Hartmann, senior manager, group environmental protection and energy management, Daimler
  • Stephanie Leaist, managing director, head of sustainable investing, Canada Pension Plan Investment Board
  • Eloy Lindeijer, chief investment management, executive committee, PGGM

The group met in Washington DC in early May to discuss responses to its consultation on the first phase of its work. It has extended the deadline for responses to 31 May. Further meetings will take place in July, September and November, some of which may be open to the public.

The taskforce plans to present a final report for consultation by the end of December.


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