The FCA has formalized the requirement for in-scope Asset Managers to enhance their climate-related disclosure, by providing TCFD-aligned reporting at both entity-level and product-level. After the first wave of disclosures made in June 2023 by larger Asset Managers, we set out to understand how in-scope firms had tackled them.
This report details our findings, across five key analysis dimensions: readability, narrative, metrics, methodology and location. We hope this report will be serve as a useful guide for any firms disclosing for the first time in 2024, as well as those who have already reported and are considering enhancements for next year by:
- Sharing key information about what peers in the market are doing; and
- Posing questions to help each organization make the key decisions which are best aligned to its client base and organizational ambition
