Working Group II. Sustainable Information Disclosure

Co-chair: CACIB, HSBC

Secretary: EY

GIP Secretariat Liaison: LIU Zhilu (liuzl@ifs.net.cn)

Better information disclosure, as an integral part of corporate governance, lays the foundation for better risk management, enables the identification and capitalization of related opportunities, and contributes to a well-functioning financial market. The TCFD has developed a set of recommendations for voluntary adoption by both financial and non-financial companies, while some of the signatories have already participated in pilot programs on information disclosure, one of which is organized by the China-UK Green Finance Taskforce. It is necessary to enhance the disclosure to better measure and manage environmental and climate risks in a consistent manner.

This working group will take stock of good practices on information disclosure and provide guidance for signatories to disclose environmental and climate related information, including information on project impact on air, water, soil, forestry and GHG emissions, as well as social impact on communities arising from the investment projects and other operations.