Benchmark Digital Partners Announces Support for the Task Force on Climate-related Financial Disclosures Joplin GlobeBenchmark Digital Partners Announces Support for the Task Force on Climate-related Financial Disclosures Joplin GlobeBenchmark Digital Partners Announces Support for the Task Force on Climate-related Financial Disclosures Joplin Globe
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CINCINNATI–(BUSINESS WIRE)–Nov 11, 2021–As part of its ongoing efforts to leverage data to combat the climate crisis, Benchmark Digital Partners LLC today joined over 2,500 organizations in declaring its support for the Task Force on Climate Related Financial Disclosures. Benchmark Digital Partners, a leader in cloud-based ESG (Economic, Social and Governance) software solutions, believes that companies can better protect themselves against climate risk if they create a culture of transparent and strong climate disclosures. R Mukund (CEO and Founder of Benchmark Digital) stated, “We believe that climate-related financial disclosures and the data that enables these disclosures are critical for adapting and helping reverse the climate crises.” Companies can improve their bottom line, protect themselves from climate impacts, and create a culture of sustainability with investment-grade ESG data. We made the easy decision to support the TCFD. The TCFD Recommendations are invaluable guidance for our global subscribers to improve their ESG disclosure capabilities. They also help ensure that our subscribers are generating high-quality data through the Benchmark ESG platform. This framework is evident in the recent integration of the Climate Disclosure Standards Board, which aligns with the TCFD into the newly created International Sustainability Standards Board.
The TCFD is chaired and led by Michael R. Bloomberg, founder Bloomberg LP, Bloomberg Philanthropies and Bloomberg Philanthropies. It provides recommendations to market participants on how to address the financial impacts of climate change on their businesses. By increasing transparency on financially material climate-related risks and opportunities, the recommendations promote more informed financial decision making by investors, lenders and others.Supporters of the TCFD span the public and private sectors and include national governments, central banks, stock exchanges, credit rating agencies, financial organizations and private sector businesses from a variety of industries.Widespread implementation of the TCFD recommendations will provide investors, lenders and insurance underwriters with consistent and relevant information to understand the economic risks and opportunities resulting from climate change. Increased disclosures in line with the recommendations across sectors and geographies will help global markets make more efficient capital allocation decisions and adjust appropriately to the disruptive effects of global climate change.Implementing the TCFD recommendations provides companies with:Easier or better access to capital by increasing investors’ and lenders’ confidence that climate-related risks are appropriately assessed and managed,Better ability to meet existing disclosure requirements by reporting material information in financial filings,Increased awareness and understanding of climate-related risks and opportunities, resulting in better risk management and more informed strategic planning, andThe ability to proactively address investors’ demand for climate-related information in a framework that investors are increasingly asking for.For more information about the Task Force on Climate-related Financial Disclosures, please visit www.fsb-tcfd.org.About Benchmark ESG(TM) Benchmark ESG(TM) (the next generation of Gensuite (R) ) enables companies to implement robust cross-functional Environmental, Social, and Governance (ESG) Solutions – locally, globally and across diverse operating profiles. Our cloud-based software suite is intuitive and best-practice, with flexible configurations and powerful extension options. We have been helping companies worldwide manage safe and sustainable operations for over 20 years. Our focus is on quick return on investment (ROI), continuous innovation, and service excellence. Join more than 1,500,000 customers who trust Benchmark ESG(TM). The Task Force on Climate Related Financial Disclosures was established by the Financial Stability Board (FSB), on December 4, 2015. It is comprised of industry-led Task Forces on Climate-related Financial Disclosures (TCFD), with Michael R. Bloomberg serving as the Chair. The Task Force currently has four Vice-Chairs and 32 members. The TCFD was asked by the TCFD to create voluntary, consistent climate-related financial statements for companies to use in providing information to investors, lenders, and other stakeholders. These disclosures were published in TCFD Recommendations on June 29, 2017. More information about the TCFD can be found at www.fsb-tcfd.org.View source version on businesswire.com:https://www.businesswire.com/news/home/20211111005309/en/CONTACT: MediaJen Weaver
Benchmark Digital Partners+1 (610) firstname.lastname@example.orgLiidia LiuksilaBloomberg LP+1 (212) email@example.comCatherine HicksBrunswick Group+1 (917) firstname.lastname@example.orgKEYWORD: OHIO UNITED STATES NORTH AMERICAINDUSTRY KEYWORD: SOFTWARE NETWORKS PROFESSIONAL SERVICES INTERNET DATA MANAGEMENT TECHNOLOGY OTHER POLICY ISSUES ENVIRONMENT SECURITY FINANCE PUBLIC POLICY/GOVERNMENT CONSULTING TELECOMMUNICATIONSSOURCE: Benchmark ESGCopyright Business Wire 2021.PUB: 11/11/2021 06:01 AM/DISC: 11/11/2021 06:02 AMhttp://www.businesswire.com/news/home/20211111005309/en
Benchmark Digital Partners Announces Support for the Task Force on Climate-related Financial Disclosures Joplin Globe