Climate risk is one issue that clients are becoming more interested in. We joined other companies as a signatory to the Net Zero Asset Managers Initiative, which is dedicated to the global goal of reaching corporate net-zero greenhouse gas emissions by 2050 or earlier, to help us better understand environmental issues and to play a supportive role in helping our clients navigate the energy transition.
Task Force for Climate-Related Financial Disclosures (TCFD)
Costacredit has improved processes for tracking, assessing, and managing significant climate-related risks and opportunities at the investment level, as we noted in our most recent Climate Change report in accordance with the TCFD.¹ Now that we can analyze climate-related effects on a larger range of asset classes, from equities and corporate bonds to real estate investments and government bonds, we are able to do so in more detail. All of our investment teams are now better equipped to evaluate climate exposures and scenarios across asset classes and geographies thanks to our continued work with Vivid Economics/Planetrics. In particular, the PlanetView platform has increased our capacity to foresee opportunities and physical climate consequences.