In a significant step-up for the Kilter Australian Farmlands Funds (KAFF), Kilter has become an official supporter of the Task Force on Climate-Related Financial Disclosures (TCFD). The TCFD released their recommendations in 2017, providing guidance on disclosing reliable information on financial institutions’ exposure to climate-related risks and opportunities. In addition to becoming an official supporter, Kilter has developed a new Climate Change Policy centred around the TCFD recommendations. The new policy focuses on the four key thematic areas of the TCFD, those being:
- Risk Management
- Metrics & Targets
Existing metrics and targets can be found in the KAFF FY20 ESG report, which outline targets for both climate change mitigation and adaptation. Kilter’s climate-related risk and opportunity management has undergone extensive review, based on locally modelled CSIRO climate scenarios of a 2°c rise in temperatures by 2050. The risk management outcomes will continue to shape how Kilter manages KAFF over the course of the Fund’s lifetime, helping reduce existing and emerging vulnerabilities while better preparing the Funds for opportunities presented by the changing climate.
For more information on the TCFD and their recommendations, visit their website at www.fsb-tcfd.org.