The Principles for Responsible Investment (PRI) is on the hunt for a consultant to help develop guidelines on applying the TCFD recommendations to real assets.
In a request for proposals, the UN-backed body states that the study will focus on the areas of the TCFD – the climate risk disclosure framework published via the Financial Stability Board in 2017 - that are “technically difficult to implement” and which would “benefit from the industry using a common approach”.
The study will focus on establishing best practices through interviewing PRI signatories that have already “demonstrated advanced approaches” to implementing the TCFD recommendations.
The PRI’s real asset study will cover:
The targets and metrics organisations are using to assess their exposure to and progress against climate-related risks;
Effective and ineffective approaches, methodologies and working practices for investors;
Third-party tools or research that have been us…