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 Pat...

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