FSB TCFD Updates: MemberProfile Denise Pavarina, Webinars and Upcoming Events – August 31, 2016

Jay OwenGreen Prosperity, Reforming Global Finance, SRI/ESG News, TV Series, Beyond GDP

Dear Hazel,

The FSB Task Force on Climate-related Financial Disclosures continues its work developing recommendations for voluntary climate-related financial disclosures. An important part of our work is global outreach and engagement. Please read on to learn more about our recent activities and how you can get involved in upcoming events.

If you have questions, please reach out to us at [email protected]

Best regards,
TCFD Secretariat

Meet Our Members – Profile: Denise Pavarina, Banco Bradesco
Denise Pavarina is one of the Task Force’s Vice Chairs and Managing Officer at Banco Bradesco in Brazil. We asked her a few question on climate-related disclosures. Here are Denise’s thoughts. 
Why does climate disclosure matter in your country?
Brazil has been focused on these issues for some time. We see here the physical risks from extreme weather playing out. And on the policy front, the Brazil’s Central Bank established environmental risk management requirements for banks. The engagement of users and preparers of financial information of all sectors is critical to help Brazil take on the challenges and opportunities from climate change and continue to lead.
Why does climate disclosure matter to you?
As an investor – an asset manager – and as a former President of the Brazilian Association of Financial and Capital Market Entities, ANBIMA, I have been driven by market improvement. Climate-related financial disclosures are major issues that affect asset prices and valuation. It is clear that climate change is real and investors have to pay attention to it.
Where do you see the greatest opportunity for impact from the TCFD?
I see two opportunities – the TCFD will help companies take the conversation on climate and make it a strategic, business discussion. And the TCFD recommendations will also create comparable indicators to help the financial sector assess risk.
Why should people attend the upcoming TCFD event in São Paulo on September 1?
To learn more about the Task Force, what we are working on and why Brazilian companies – users and preparers – should track our progress and get involved.  

We Want Your Feedback – Join Us for an Upcoming Webinar on Wednesday 31 Aug and Thursday 1 Sep
We are hosting a series of webinars to offer global stakeholders an update on the work of the FSB Task Force. Webinar participants will be invited to offer feedback on climate-related financial disclosures around four areas – governance, strategy, risk and metrics. Your feedback on the draft recommendations will help to further inform and refine the Task Force’s work throughout Phase II. The feedback will be integrated into the final considerations that will be delivered to the FSB towards the end of the year. Please register for the webinars here.

Where is the Task Force at? Plenary Meeting in Paris
The Task Force is starting into a busy autumn period with its next plenary meeting in Paris on September 13-14. The plenary meeting will be crucial for the Task Force to agree on the main points of the recommendations that it will put forward to the Financial Stability Board on November 17. 
Upcoming TCFD Events
The Task Force is hosting a series of global outreach events. Agendas and registration links are available for all upcoming events. Please join us!

Please check our website for the most up-to-date information on events.