Signatory Relations

By Edward Baker (@ejb_baker), Senior Advisor, Energy and Low-Carbon Transition, the PRI The recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) will soon be two years old. To mark the occasion the taskforce has published a new status report. At over 140 pages, it is a comprehensive stock take and assessment of how companies, investors and other financial institutions are implementing the disclosure framework.

By Saumya Mehrotra (@mehrotrasaumya), Associate US, Signatory Relations in New York In March 2019, the Reinsurance Group of America (RGA) became the first US-based insurance firm to sign the Principles for Responsible Investment. Headquartered in St. Louis, Missouri, RGA is among the leading global providers of life reinsurance and financial solutions. This was exciting news for us – an attestation to the growing recognition of ESG issues in the US insurance sector.

Investors, as active owners and stewards of capital, have an obligation to engage with business to drive long-term value creation for their clients and beneficiaries. Given the climate emergency that the world is facing, it’s a priority for many investors to focus on industries such as the oil and gas sector to mitigate climate change – which is a permanent, structural risk for institutional investors. The world’s central banks have just reinforced this view.