In March 2020, we publicly supported the Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosures (TCFD) on its effort to develop recommendations for voluntary climate-related financial disclosures that are consistent, comparable, reliable, clear, and efficient, and provide decision-useful information to lenders, insurers, and investors.
We believe that better access to data will enhance how climate-related risks are assessed, priced, and managed. Investors will make better informed decisions on where and how they want to allocate their capital. Lenders, insurers and underwriters will be better able to evaluate their risks and exposures over the short, medium, and long-term. This is expected to make the financial system more resilient to climate-related risks.
As outlined in our Responsible Investment Policy and Ethical Charter, we endeavour to protect and preserve the environment in which we and our portfolio companies operate. In particular, we are committed to:
- Continuing to improve energy efficiency and reducing carbon dioxide emissions in our activities and investments;
- increasing our investment in sectors and activities that contribute to a more sustainable planet or to climate change adaptation;
- reducing waste, including the proportion of waste going to landfill, and reduce water usage.
Supporting the TCFD has been a natural step for Bridges. We are keen to collaborate with the Task Force and help developing meaningful and useful climate-risk related disclosures that can support decision-making also of small and medium businesses. We are following the TCFD recommendations and worked to incorporate climate risks and opportunities into our governance, strategy, risk management, and metrics and targets.