ICE TCFD Solution Provides Greater Transparency Into Carbon Emissions for Asset Managers and Institutional Investors
November 17 2022 - 07:30AM
Business Wire
Leverages ICE’s climate transition and ESG
offerings to provide robust reporting solutions
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of data, technology and market infrastructure, today
announced the launch of a new service to help asset managers and
other financial institutions comply with Task Force for
Climate-Related Financial Disclosures (TCFD) requirements.
The TCFD’s reporting framework has been adopted or recommended
by many regulatory bodies throughout North America, Europe and Asia
as a model for reporting climate-related financial information.
Although there has been progress among asset managers reporting
some disclosures recommended by the Task Force, very few (less than
10%) have reported meeting all of the requirements, which is mostly
a result of the partial or lack of reporting of carbon and other
greenhouse gas (GHG) emissions by many underlying companies around
the world.
“In a very short time, TCFD has become the de-facto framework
for reporting climate-related financial data,” said Elizabeth King,
President of Sustainable Finance and Chief Regulatory Officer at
ICE. “Our solution provides asset managers with the hard-to-gather
emissions data and associated analytics they need to comply with
evolving reporting requirements for multi-asset-class portfolios.
This information can enable our customers to meet their own goals
and respond to regulatory requirements, giving them the tools they
need to make better-informed investment decisions.”
ICE’s TCFD service leverages the company’s climate transition
data and analytics, corporate entity data, as well as green bond
data, to provide the data and information needed for the metrics
and targets reporting required in the TCFD framework. By utilizing
multiple primary sources of data and sophisticated modelling, ICE
offers a broad range of emissions and targets data for companies
globally.
“As a responsible and long-term investor, we are committed to
achieving net zero greenhouse gas emissions across our investment
portfolio by 2050,” said Richard Law-Deeks, Chief Executive Officer
of the Royal Mail Pension Plan. “A key part of achieving that goal,
is having a thorough and accurate reporting and benchmarking
framework. Working with ICE helps us to respond not only to
regulatory requirements, but also to reaffirm our commitment to
engagement to drive more transparency into our response to the
climate crisis, including supporting our efforts to encourage more
companies to disclose their emissions and their emission reduction
plans.”
The TCFD service is part of ICE’s Sustainable Finance service,
which includes global carbon and other GHG emissions data for
companies and sovereigns, climate risk metrics for U.S. municipal
bonds, company ESG data, impact bond data, sustainable and
ESG-focused fixed income and equity indices and the world’s most
liquid environmental futures markets.
For more information about ICE’s TCFD offering, please visit:
https://www.theice.com/solutions/sustainable-finance.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate exchanges,
including the New York Stock Exchange, and clearing houses that
help people invest, raise capital and manage risk across multiple
asset classes. Our comprehensive fixed income data services and
execution capabilities provide information, analytics and platforms
that help our customers capitalize on opportunities and operate
more efficiently. At ICE Mortgage Technology, we are transforming
and digitizing the U.S. residential mortgage process, from consumer
engagement through loan registration. Together, we transform,
streamline and automate industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. FactSet® is a trademark of FactSet
Research Systems, Inc. Other products, services, or company names
mentioned herein are the property of, and may be the service mark
or trademark of, their respective owners. Key Information Documents
for certain products covered by the EU Packaged Retail and
Insurance-based Investment Products Regulation can be accessed on
the relevant exchange website under the heading “Key Information
Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2021, as
filed with the SEC on February 3, 2022.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20221117005391/en/
ICE Media Contact: Damon Leavell damon.leavell@ice.com
(212) 323-8587
media@ice.com
ICE Investor Contact: Katia Gonzalez
katia.gonzalez@ice.com (678) 981-3882
investors@ice.com
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