Projects

Assessing Peel L&P’s Climate Risk through Task Force on Climate-Related Financial Disclosures

Our role

• The Task Force on Climate-Related Financial Disclosures (TCFD) is a framework for improving reporting of climate-related financial information and disclosure of climate-related risks. 
• Companies are required to make disclosures across four key areas; governance, strategy, risk management, and metrics & targets, with the aim of helping investors and wider stakeholders understand how companies are managing climate-related financial risks.
• As part of their Sustainability Strategy and ongoing commitment to climate leadership, Peel L&P have chosen to report against the TCFD recommendations on a voluntary basis. 
• Our Sustainability and ESG team worked closely with Peel L&P to collate information and understand how climate-related risks are integrated into their decision-making processes.

Results

• The project delivered Peel’s first full TCFD report. The report set out how climate change is incorporated into their governance processes, the potential impact of climate change on their organisational strategy and financial planning, how climate-related risks are identified, assessed, and managed, and the metrics and targets used to assess and manage relevant climate-related risks and opportunities.
• We also provided recommendations for future steps to enhance Peel’s TCFD reporting to ensure they maintain their role as a climate leader by demonstrating a robust approach to climate risk reporting in line with evolving industry standards.