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The Actuary The magazine of the Institute & Faculty of Actuaries

Task Force on Climate-related Financial Disclosures

The IFoA and the Institute of Environmental Management and Assessment (IEMA) delivered a joint webinar entitled ‘Task Force on Climate-related Financial Disclosures (TCFD) –  an introduction and perspectives for our professions’. 


More than 400 participants registered to watch the webinar, which was chaired by Nick Blyth, policy and engagement lead at IEMA. He was joined by Steve Waygood, chief responsible investment officer at Aviva Investors and a member of the TCFD, Louise Pryor, IFoA Council member and chair of IFoA’s Resource and Environment Board, and Paul Pritchard, senior associate at Iken and an IEMA member. 

Steve Waygood introduced the recommendations of the TCFD and its purpose of improving climate-related financial disclosure so that investors can make better-informed decisions when deploying their capital. Louise Pryor discussed the implications of the recommendations from an actuarial perspective. As actuaries are experts in identifying and managing long-term risks, Louise Pryor identified an important role for the profession in promoting improved disclosure. 

To wrap up, Paul Pritchard discussed why it’s so important for actuaries and sustainability professionals to work together to better identify climate risk and translate it into financial risk. The webinar is available on the IFoA website at bit.ly/2RnRfAb

Further collaboration between IFoA and IEMA is planned. Membership of a joint-working party, which will explore ways to demonstrate the relevant skills and expertise of both professions regarding climate-related financial disclosures, is currently being finalised.