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ESG video series for Real Estate Fund Managers: TCFD

By Grace Melville
15th June 2021

How will the Taskforce of Climate-related Financial Disclosures (TCFD) affect Real Estate Fund Managers?

The Association of Real Estate Funds ESG & Social Impact Investing Committee recently launched The AREF ESG 5 Year Roadmap, in collaboration with Carbon Intelligence. 

This series features six exclusive short films that explain when you will be affected by incoming regulation or market change and how you can prepare. There will be leaders and laggards in the race to zero and those who embrace responsible investing will come out on top.

This video features Lucy Hamnett, Senior Consultant from Carbon Intelligence and Andy Szyman, Head of Sustainability from BMO Real Estate Partners.


Key Takeaways from Carbon Intelligence

  • From January 2021 UK premium listed companies are required to report on a ‘comply or explain’ basis to the TCFD 
  • The UK government will make TCFD reporting mandatory for all large UK registered companies from 2023
  •  Changes in the frequency and severity of extreme weather equates to a significant risk of asset damage
  • Transition risks for the real estate sector include changes in insurance coverage, tenant demands as well as changing regulation and carbon pricing


Key Takeaways from BMO Real Estate

  • Use the TCFD disclosures as building blocks for action and interventions 
  • Factor in the time and resource needed for portfolio modelling to capture the supporting granular asset-level data ahead of time 
  • All intelligence collected can be used to inform your asset management strategy in response to future climate impacts


Contact Us

The transition to net zero will require a long term strategic plan and we’re here to help. Contact our team today to understand more about how we’re supporting organisations to develop their net zero roadmaps and ensure climate success, [email protected] OR [email protected]

Download | Net Zero: The Guide for Commercial Real Estate