The 2° Investing Initiative (2°ii) and FCLTGlobal (Focusing Capital on the Long-term) are pleased to invite you Friday, September 22nd, 12:00 PM - 2:00 PM, Rockefeller Brothers Fund, 475 Riverside Drive, Suite 900, New York, NY 10115
Lunch will be provided.
As acknowledged by Bank of England governor Mark Carney in his speech entitled 'Breaking the Tragedy of of the Horizon', capital markets currently lack the long-term focus needed to adequately address climate-related risks. To address this problem, the Task Force on Climate-Related Disclosure (TCFD) recommended companies and investors to report on their long-term climate strategy and perform 2°C scenario analysis.
What is the current state of corporate disclosure on long-term financial risks?
· FCLTGlobal will present its forthcoming report entitled “Quarterly Guidance: A Relic of the Past”. This report surveys the literature on quarterly guidance and issues recommendations for companies to move away from it and disclose their “long-term roadmap.”
· 2Dii will launch its report "Limited Visibility: The Current State of Corporate Disclosure on Long-term Risks" This reports explores MSCI World companies’ long-term disclosure. On the basis of corporate disclosures (including annual reports, regulatory filings, guidance to analysts, etc.) the paper analyzes how far in the future listed companies disclose their plans and financial forecasts, and how they discuss ‘long term risks’ that are only weak signals today but might disrupt their business model in 5, 10 or 20 years.
· Ariel Fromer Babcock, Director at FCLTGlobal
· Stan Dupré, Founder and Global Director of the 2° Investing Initiative
Please note: registration for this event is closed.
· 2° Investing Initiative (2°ii) is a not-for-profit think tank working to align the financial sector with the 2°C climate goal and long-term investing needs. With offices in Paris, London, Berlin and New York, the Initiative engages a global network of over 40 partners and members, including financial institutions, investment researchers, asset managers, policymakers, research institutions, academics and NGOs. Our work primarily focuses on three pillars of finance -metrics and tools, investment processes, and financial regulation; the Tragedy of the Horizon project informs all three.
· FCLTGlobal is a not-for-profit organization that works to encourage a longer-term focus in business and investment decision-making by developing practical tools and approaches to encourage long-term behaviors across the investment value chain. It is a member-based organization founded by McKinsey, BlackRock, Dow, Tata Sons, and CPP Investment Board. Members include financial institutions (e.g. APG, HSBC, PGGM), service providers (e.g. Bloomberg, Edelman, EY) and corporates (e.g. BP, Glencore, Unilever).