TCFD issued warning letter on misrepresentation of metrics

Asset manager Lombard Odier warns of a false representation of the objective of ITR metrics

Hope William-Smith
clock • 4 min read
TCFD issued warning letter on misrepresentation of metrics

The aims of the Implied Temperature Rise (ITR) metrics used within the Taskforce on Climate-related Financial Disclosure (TCFD) rules have been misrepresented in a way that might damage industry support, Lombard Odier says.

In an open letter to the TCFD and its portfolio alignment team (PAT), the investment manager called into question two responses to three recent TCFD reports - one from a selection of Transition Pathway...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Industry

Tender Watch: Cheshire and East Sussex pension funds

Tender Watch: Cheshire and East Sussex pension funds

Cheshire appoints Hymans Robertson and East Sussex launches low-carbon equity mandate

Professional Pensions
clock 21 January 2022 • 1 min read
The best of PP's news from 17-21 January, 2022.

Five stories you may have missed this week

A £1.7bn buy-in and a change to the ‘stronger nudge’ initiative

Hope William-Smith
clock 21 January 2022 • 1 min read
Industry Voice: Digital revolution needed within pensions, report states

Industry Voice: Digital revolution needed within pensions, report states

Smart
clock 21 January 2022 • 1 min read
Trustpilot