163 Companies committed
See CompaniesImplement the recommendations of the Task Force on Climate-related Financial Disclosures
Climate change poses serious risks to the global economy. Nonetheless, investors and financial markets lack clear and comparable information about which companies or assets are most exposed to this issue and which are best prepared.
To address this issue, companies are encouraged to commit to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD has published recommendations for reporting climate-related financial information in mainstream reports (annual financial filings).
Companies, investors and financial organizations globally are encouraged to implement the recommendations to allow a more efficient allocation of capital, improve the dialogue among all financial players and support a smooth and rapid transition to a low-carbon economy.
Resources
How companies can engage in this initiative
In order to make this commitment, companies will be required to:
- Agree with the wording of the commitment
- Sign the commitment
- Report climate-related financial information following the TCFD recommendations as fully as practicable within three years from the date of the commitment;
- Use the CDSB Framework for reporting environmental information, natural capital and associated business impacts or other applicable reporting frameworks to produce such information on a common and consistent basis
Please note
The initiative ‘Commit to implement the recommendations of the Task Force on Climate-related Financial Disclosures’ is an update to the previous We Mean Business coalition initiative ‘Commit to report climate change information in mainstream reports as a fiduciary duty’. The previous initiative saw hundreds of companies becoming signatories to the CDSB Statement on fiduciary duty & climate change disclosure and agreeing to work toward reporting climate change-related information in mainstream corporate reports, using a recognized international framework such as the CDSB Framework for reporting environmental information, natural capital and associated business impacts.
These companies are listed below under ‘CDSB statement signatories’ and remain part of the coalition’s Take Action campaign. Companies signed up to the previous commitment are encouraged to join the new initiative and continue their leadership in climate reporting.
The business case
1. Good for business
Delivering on the recommendations helps companies become more resilient to the physical and transitional risks associated with climate change. Companies investing in the assessment and understanding of climate-related risks and opportunities will be able to make better decisions for their future business, and support the fair and orderly market transition to a low-carbon economy.
Disclosing information about the material financial risks that climate change creates is critical for the stability of our financial system. At Philips Lighting we recognize not only the risks that climate change is already creating, but also the wide economic opportunities that the low-carbon transition is creating.”Nicola Kimm, Head of Sustainability, Environment, Health & Safety, Philips Lighting
2. Increase transparency
Improved disclosure and better quality reporting of the financial risks and opportunities that climate change creates will benefit companies’ relations with investors, stakeholders and the wider public.
Climate change increasingly poses serious threats to the stability of our economic system. It is critical that businesses continue to report consistent, comparable and reliable information on climate change impacts and opportunities to their stakeholders.”Anurag Behar, Chief Sustainability Officer, Wipro Limited
3. Signal commitment
By signing the commitment, these organizations are sending a clear signal that they recognize the economic opportunities that a new low-carbon economy creates, and that they have a business vision which incorporates the management of long-term climate risks.
TCFD recommendations represent a useful tool to show our providers of capital how we are addressing and managing the challenges posed by the energy transition, and at the same time, they provide us the framework for emphasizing the environmental credentials of gas as a sustainable energy source and its advantages compared to other alternative fossil fuels.”Marcelino Oreja Arburúa, CEO of Enagás
4. Share your experience
You will be part of a forward-thinking group of companies looking to implement the recommendations for the first time. Being part of such a group will help you share your experience and learn from others.
5. Receive support
Companies who make the commitment will be supported by CDSB and other expert organizations in their implementation process. As a non-profit consortium with 10 years of experience of climate change reporting in mainstream filings, CDSB can provide you with the tools to deliver on the commitment and overcome the barriers that you might find on this journey.
Commmitted Companies
Click on the company name to see everything they are committed to.
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A2A
A2A
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Aviva plc
Aviva plc
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Cathay Financial Holding
Cathay Financial Holding
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E.SUN Commercial Bank
E.SUN Commercial Bank
has committed to
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Ferrovial
Ferrovial
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Galp Energia SA
Galp Energia SA
has committed to
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Hannon Armstrong Sustainable Infrastructure Capital, Inc
Hannon Armstrong Sustainable Infrastructure Capital, Inc
has committed to
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Iberdrola SA
Iberdrola SA
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Koninklijke DSM
Koninklijke DSM
has committed to
- Landsec
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LUX* Hotels & Resorts
LUX* Hotels & Resorts
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Marks and Spencer Group plc
Marks and Spencer Group plc
has committed to
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Neste Oyj
Neste Oyj
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PSA Automobiles SA
PSA Automobiles SA
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- Signify
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Sopra Steria Group
Sopra Steria Group
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- Unilever plc
- Wipro
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WPP Group
WPP Group
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Zurich Insurance Group
Zurich Insurance Group
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ACCIONA S.A.
ACCIONA S.A.
has committed to
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ADP (Aeroports de Paris)
ADP (Aeroports de Paris)
has committed to
- AGL Energy
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Air France – KLM
Air France – KLM
has committed to
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Allied Electronics Corporation Ltd (Altron)
Allied Electronics Corporation Ltd (Altron)
has committed to
- AstraZeneca
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Atos SE
Atos SE
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AU Optronics
AU Optronics
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Australia and New Zealand Banking Group
Australia and New Zealand Banking Group
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Autodesk, Inc.
Autodesk, Inc.
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AXA Group
AXA Group
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BanColombia SA
BanColombia SA
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Bank Australia
Bank Australia
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Bank J. Safra Sarasin AG
Bank J. Safra Sarasin AG
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Barco NV
Barco NV
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Big Yellow Group
Big Yellow Group
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BNP Paribas
BNP Paribas
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Bouygues
Bouygues
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British Land Company
British Land Company
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- BT Group
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Caixa Geral de Depósitos
Caixa Geral de Depósitos
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Carillion
Carillion
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China Steel
China Steel
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ÇİMSA ÇİMENTO SANAYİ VE TİCARET A.Ş.
ÇİMSA ÇİMENTO SANAYİ VE TİCARET A.Ş.
has committed to
- CLP Group
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Club Mediterranee
Club Mediterranee
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CNH Industrial NV
CNH Industrial NV
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Cobham
Cobham
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Coca-Cola European Partners
Coca-Cola European Partners
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Coca-Cola Femsa
Coca-Cola Femsa
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Coca-Cola HBC AG
Coca-Cola HBC AG
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Compañía Española de Petróleos, S.A.U. CEPSA
Compañía Española de Petróleos, S.A.U. CEPSA
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Convivio
Convivio
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Correos (Grupo Sepi)
Correos (Grupo Sepi)
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Coway Co Ltd
Coway Co Ltd
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CTT – Correios de Portugal SA
CTT – Correios de Portugal SA
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Daimler AG
Daimler AG
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Deloitte Touche Tohmatsu Limited
Deloitte Touche Tohmatsu Limited
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Delta Electronics
Delta Electronics
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Deutsche Bahn AG
Deutsche Bahn AG
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Deutsche Börse AG
Deutsche Börse AG
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DGB Financial Group
DGB Financial Group
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Diageo Plc
Diageo Plc
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Duratex S/A
Duratex S/A
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EDP – Energias de Portugal S.A.
EDP – Energias de Portugal S.A.
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EnBW Energie Baden-Württemberg AG
EnBW Energie Baden-Württemberg AG
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Euromoney Institutional Investor PLC
Euromoney Institutional Investor PLC
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Exxaro Resources Ltd
Exxaro Resources Ltd
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Fiat Chrysler Automobiles NV
Fiat Chrysler Automobiles NV
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Firstrand Limited
Firstrand Limited
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Galliford Try Plc
Galliford Try Plc
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Gecina
Gecina
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Givaudan SA
Givaudan SA
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- GlaxoSmithKline
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Grupo Financiero Banorte SAB de CV
Grupo Financiero Banorte SAB de CV
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H&M Hennes & Mauritz AB
H&M Hennes & Mauritz AB
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HOCHTIEF AG
HOCHTIEF AG
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Holcim Ltd.
Holcim Ltd.
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Honda Motor Company
Honda Motor Company
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INDRA A
INDRA A
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Infigen Energy
Infigen Energy
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Ingenico
Ingenico
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Innovation Group Holdings Limited
Innovation Group Holdings Limited
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Italcementi
Italcementi
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Jerónimo Martins SGPS SA
Jerónimo Martins SGPS SA
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- Kering
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Kesko Corporation
Kesko Corporation
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Kirin Holdings Co Ltd
Kirin Holdings Co Ltd
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Konica Minolta, Inc.
Konica Minolta, Inc.
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Koninklijke KPN NV (Royal KPN)
Koninklijke KPN NV (Royal KPN)
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L’Oréal
L’Oréal
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- Landsec
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Lenovo
Lenovo
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Link Real Estate Investment Trust
Link Real Estate Investment Trust
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Lite-On Technology
Lite-On Technology
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London Stock Exchange
London Stock Exchange
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Melia Hotels International SA
Melia Hotels International SA
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METRO AG
METRO AG
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Morgan Sindall Group plc
Morgan Sindall Group plc
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MTN Group
MTN Group
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MVV Energie AG
MVV Energie AG
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National Australia Bank
National Australia Bank
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National Express Group Plc
National Express Group Plc
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National Grid PLC
National Grid PLC
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NATS
NATS
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Natura & Co
Natura & Co
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Naturgy Energy Group SA
Naturgy Energy Group SA
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- Nestlé
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Netcare Limited
Netcare Limited
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Nissan Motor Co., Ltd.
Nissan Motor Co., Ltd.
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Novion Property Group
Novion Property Group
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Novo Nordisk A/S
Novo Nordisk A/S
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NRG Energy Inc
NRG Energy Inc
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Orange
Orange
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- Origin Energy
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Orkla ASA
Orkla ASA
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Pick ‘n Pay Stores Ltd
Pick ‘n Pay Stores Ltd
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Pirelli
Pirelli
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Principal Financial Group, Inc.
Principal Financial Group, Inc.
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Proximus
Proximus
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PTT
PTT
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PTT Exploration & Production Public Company Limited
PTT Exploration & Production Public Company Limited
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PTT Global Chemical
PTT Global Chemical
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PUMA SE
PUMA SE
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RELX Group Plc
RELX Group Plc
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Royal Bafokeng Platinum Ltd
Royal Bafokeng Platinum Ltd
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Royal BAM Group nv
Royal BAM Group nv
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Royal Philips N.V.
Royal Philips N.V.
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Sasol Limited
Sasol Limited
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- Schneider Electric
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Senior Plc
Senior Plc
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Severn Trent
Severn Trent
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- Siemens AG
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SingTel
SingTel
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SolarWorld AG
SolarWorld AG
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- SSE Plc
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Standard Life Aberdeen
Standard Life Aberdeen
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StarHub
StarHub
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- Suez
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Symrise AG
Symrise AG
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T.SINAİ KALKINMA BANKASI A.Ş.
T.SINAİ KALKINMA BANKASI A.Ş.
has committed to
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Taiwan Mobile Co. Ltd.
Taiwan Mobile Co. Ltd.
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Tata Sons Limited
Tata Sons Limited
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Tate & Lyle
Tate & Lyle
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Telefónica
Telefónica
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Terna
Terna
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- Tesco
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Thales
Thales
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Tiger Brands
Tiger Brands
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Tongaat Hulett Ltd
Tongaat Hulett Ltd
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Transnet
Transnet
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TUI Group
TUI Group
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Unite Students
Unite Students
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United Microelectronics
United Microelectronics
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United Utilities
United Utilities
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Verizon Communications Inc.
Verizon Communications Inc.
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Virgin Management Limited
Virgin Management Limited
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Vodafone Group
Vodafone Group
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Wal-Mart Stores, Inc.
Wal-Mart Stores, Inc.
has committed to
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Warehouse Group
Warehouse Group
has committed to
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Weatherford International Ltd.
Weatherford International Ltd.
has committed to
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Wesfarmers
Wesfarmers
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Woolworths Holdings Ltd
Woolworths Holdings Ltd
has committed to