We work with policy makers to support their efforts to implement policy measures to encourage capital deployment at scale and finance the transition to a low carbon economy and to encourage investment in climate change adaption. We also engage with policy makers to encourage corporate disclosure. HSBC has advocated tougher climate change standards within the Equator Principles and the International Finance Corporation's Performance Standards, which set international good practice in the financing of large infrastructure projects.
HSBC has supported the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD). The task force is developing voluntary, consistent climate-related disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders. The Former HSBC Chief Accounting Officer and current chair of the HSBC Bank Pension Scheme is a member of the task force. HSBC Global Asset Management formally responded to the public consultation.
We have joined other ad hoc collaborative policy engagements with regulators, for example signing a letter to the Tokyo Stock Exchange about the information available to investors when annual results are published.