Swiss Re Adopts Climate-Related Financial Disclosure Recommendations

Dec 16, 2016 10:35 AM ET
Article

Originally posted in Canadian Underwriter

Swiss Re announced on Wednesday that it will adopt the climate-related financial disclosure recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).

Swiss Re helped develop the voluntary guidelines on climate risk reporting and is a member of the TCFD. “Swiss Re believes the guidelines will ensure more transparency on climate-related risks and help users and providers of climate-related financial disclosures, including lenders, insurers and investors, to more effectively measure and evaluate the financial implications of climate change,” the wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer said in a statement.

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