FinTech Magazine - April 2022 | Page 102

STATE STREET GLOBAL ADVISORS
portfolios for the future . TCFD ’ s disclosure recommendations have become the gold standard for climate risk reporting and we expect all companies in our portfolios to report in line with them . Despite significant progress , there is still plenty of work to be done to improve TCFD ’ s adoption and ensure the framework is truly embedded globally .”
Indeed , in its latest status report TCFD finds that for the first time over 50 % of the companies under review disclosed their climate-related risks and opportunities . Despite the overall progress TCFD concluded that the overall disclosure is still lacking .
“ As such , starting in 2022 we are taking voting action against companies in our main indices
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