TCFD Report: our commitment for the climate change

The new report of Banca Ifis

The TCFD Report presents Banca Ifis’ approach to managing climate-related risks and opportunities for investors and stakeholders. The document prepared voluntarily and now in its second edition, is aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and further expands our ESG reporting.

The second edition of the TCFD Report

We have published the report’s second edition, which consists of four pillars: governance, strategy, risk management processes, and the Bank’s climate change metrics and targets.

Starting this year, within the strategy section, we have integrated our first transition plan, which describes all the initiatives implemented to continue our sustainability journey, and to reach the targets set within the NZBA.

TCFD 2023

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.

The TCFD

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.

TCFD 2022

For further information

Find out more on our website.

NZBA Our commitment to tackle climate change Sustainability