02 July 2024
Alcentra Publishes its Inaugural TCFD Report
Alcentra has published its inaugural Task Force on Climate-related Financial Disclosure (TCFD) report. This report presents our approach to incorporating climate -related risks and opportunities into our governance, strategy and risk management, as well as metrics and targets. Alcentra undertook detailed, forward-looking, quantitative analysis to model the impacts of different climate scenarios against all assets within our investment strategies. The key findings on the climate exposure of our assets and our subsequent climate commitments are set out in the report – which can be accessed here.
Vai Patel, Head of Responsible Investments, said “We are proud to publish our first comprehensive TCFD report. This work builds on Alcentra’s existing understanding of climate-related risks & opportunities by assessing forward-looking scenario analysis to understand both the financial impacts of climate change on our portfolio investments as well as how our investments align to our own climate commitments. We recognise that the data disclosed within our TCFD report is just the first step in understanding the nature of the climate challenge and the steps asset managers like Alcentra must take to help achieve a low carbon future.”
Tim Raeke, Head of European Credit Research, said “Alcentra is committed to strengthening our responsible investing practices through reliable data and climate-aware investment decision making. We believe the TCFD’s foundational work is an important step in harmonising investor-relevant disclosures, whilst also providing us, as asset managers, with clarity on the broad impacts of climate change on our investment portfolios. We look forward to learning from and contributing to the development of a single, common framework, helping the industry better understand the path to a low carbon economy.”
Ruth Davis, COO of Global Business Development, said “Alcentra has long recognised the vital role financial markets can play in aiding the transition to a low carbon economy and avoiding the worst impacts of climate change. We have made strong progress on our own climate commitments, and we continue to use our influence to encourage sustainable actions associated with the climate transition. We understand that climate change requires both collective ambition and leadership by example, therefore we will continue to prioritise sustainability in how we invest and how we operate as a firm.”