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TCFD Report: our commitment for the climate change

The new report of Banca Ifis

The TCFD Report presents the Banca Ifis approach to managing the climate-linked risks and opportunities to investors and stakeholders. The document, drafted voluntarily, is aligned with the recommendations of the Task-force on Climate-related Financial Disclosures (TCFD) and further amplifies our ESG reporting.

The first edition of the TCFD Report

During the presentation of the 1H23 Financial Results, we approved the first edition which describes the structures of governance, strategy, risk management processes and Bank performances regarding the fight against climate change.

What is the TCFD?

Set up in 2015 by the Financial Stability Board (FSB), the body appointed to monitor and promote the stability of the global financial system, the Task Force on Climate Related Financial Disclosures (TCFD) decided to process a number of recommendations on reporting risks linked to climate change. The TCFD recommendations invite companies to communicate clearly, comparably and consistently any information useful to investors and stakeholders in order to correctly assess the risks and opportunities linked to climate.

Our commitment to reducing emissions

The document also describes the emissions reduction strategy financed on the loan portfolio that the Bank has defined by being the first in Italy to adhere to the Net-Zero Banking Alliance (NZBA), the initiative promoted by the United Nations to speed up the sustainable international banking sector transition.

For further information

Find out more on our website.