Landsec: Addressing climate risks and opportunities through the TCFD recommendations
This case study has been created from the Finance for the Future Awards. This entry was a finalist in the ‘Embedding an integrated approach’ category.
As an owner and operator of property, Landsec is exposed to both risks and opportunities from climate change. To address this, Landsec made a public commitment to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). This led to extensive research, financial modelling and scenario analysis. Landsec reported against the TCFD recommendations in its 2019 reporting, providing investors with transparent climate-related financial risk information.
‘The work Landsec has done on TCFD and how that has been embedded across the organisation to drive decision-making is to be commended. Their consideration of environmental and climate change implications is obviously driving benefits.’
Finance for the Future Awards judges