Enhancing climate-related disclosures by asset managers, life insurers and pension providers
Executive summary
Recent reports from the UN and the UK Climate Change Committee have shown that there is no time to lose in acting to prevent catastrophic climate change. AAT therefore strongly supports any efforts to increase the visibility of climate related risks in financial markets, and investment in particular.
The driver of investment competition will be an important part of the UK net-zero ambition. We support the use of Task Force on Climate-related Financial Disclosures (TCFD) recommendations as a basis of reporting, as a consistent and widely adopted reporting standard.
Related consultation responses
Plastic waste
AAT strongly supports efforts to reduce single use by encouraging alternatives, penalising through taxation, charges or both and incentivising behaviour change.
Aviation tax reform
We don't agree with proposals to reduce Air Passenger Duty on UK domestic flights because it contradicts and weakens policy on reaching net zero by 2050.
