• Committed to combatting climate change

    In 2021 Yinson has declared its support for the Task Force on Climate-related Financial Disclosures, joining more than 2,300 organisations worldwide in demonstrating a commitment to building a more resilient financial system and safeguarding against climate risk through better disclosures.

Why Yinson is committed to supporting TCFD

At Yinson, we recognise climate change as one of the greatest threats facing modern earth, which needs to be tackled through global, united cooperation between governments, corporations and individuals.

In line with our commitment to achieve our Climate Goals to be carbon neutral by 2030 and net zero by 2050, we are signing on to TCFD to further integrate climate-related considerations into our decision-making processes to co-create a more sustainable future for all.

Implementing the TCFD recommendations provides companies with:

  • Easier or better access to capital by increasing investors’ and lenders’ confidence that climate-related risks are appropriately assessed and managed
  • Better ability to meet existing disclosure requirements by reporting material information in financial filings
  • Increased awareness and understanding of climate-related risks and opportunities, resulting in better risk management and more informed strategic planning
  • The ability to proactively address investors’ demand for climate-related information in a framework that investors are increasingly asking for

About the Task Force on Climate-related Financial Disclosures

On 4 December 2015, the Financial Stability Board (FSB) established the industry-led Task Force on Climate-related Financial Disclosures (TCFD) with Michael R. Bloomberg as Chair. The Task Force currently has four Vice Chairs and 32 members in total. The TCFD was asked to develop voluntary, consistent climate-related financial disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders, which were published in the TCFD Recommendations Report on 29 June 2017. More information about the TCFD can be found at www.fsb-tcfd.org.
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