LONDON (14 August 2018) – Cambridge Associates has signed up to support the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD, set up by the G20 and chaired by Bank of England Governor Mark Carney, currently comprises more than 300 organisations, including many of the world’s largest pension funds, banks, insurers, asset managers and corporates.
The four key recommendations of the TCFD say that organisations should disclose:
- The organisation’s governance around climate related risks and opportunities
- The actual and potential impacts of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning
- How the organisation identifies, assesses, and manages climate-related risks
- The metrics and targets used to assess and manage relevant climate-related risks and opportunities
Cambridge Associates says that investment consultants have an important role to play in helping institutional investors integrate ESG into their approaches, including by collecting comprehensive data on how asset managers consider climate-related risks.
Chris Varco, Managing Director and ESG specialist at Cambridge Associates, comments: “As a key link in the investment chain for institutional investors, we recognise investment consultants’ responsibility to facilitate much greater transparency for asset owners on the climate change considerations of their investments. Signing up to support the TCFD is an important part of that.”
“Cambridge Associates is committed to helping our clients, including pension funds, private families, endowments and foundations, to fully understand and monitor the climate related risks and opportunities their investment portfolios are exposed to.”
“We have a proven track record in helping investors make more informed capital allocation decisions within the context of better climate-related financial risk disclosures, and that should lead to more robust risk management and superior risk-adjusted returns.“
The firm says that they are looking forward to supporting TCFD and working with their current and prospective clients on further integrating and using climate-related financial disclosures.
About Cambridge Associates
Cambridge Associates is a leading global investment firm. We aim to help endowments & foundations, pension plans, and private clients implement and manage custom investment portfolios that generate outperformance so they can maximize their impact on the world. Working alongside its early clients, among them leading university endowments, the firm pioneered the strategy of high-equity orientation and broad diversification, which since the 1980s has been a primary driver of performance for institutional investors. Cambridge Associates delivers a range of portfolio management services, including outsourced CIO, non-discretionary portfolio management, staff extension, and asset class mandates.
Cambridge Associates maintains offices in Boston; Arlington, VA; Beijing; Dallas; London; Menlo Park, CA; New York; San Francisco; Singapore; Sydney; and Toronto. Cambridge Associates consists of five global investment consulting affiliates that are all under common ownership and control. For more information, please visit www.cambridgeassociates.com
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