We strongly believe that, for customers and investors to be able to make informed decisions, companies must report comprehensively on how they tackle dominant global long-term trends, such as climate change.
We’ve advocated for greater transparency and reporting on climate change risks by companies for a number of years. As such, we strongly support the 2017 recommendations of the TCFD, which aim to provide guidelines for companies to consistently disclose on climate-related risks and opportunities; resulting in meaningful information to their stakeholders.
In June 2017, Oliver Bäte, along with other CEOs of leading companies, signed the for the TCFD Recommendations and called for improved disclosure across sectors and regions.
We also called upon the German Chancellor and Finance Minister during Germany’s G20 presidency to support the TCFD recommendations.
Furthermore, we signed a statement by global business leaders initiated by the World Economic Forum, calling on G20 governments to formally accept and act on the recommendations of the TCFD.