4 In 2019 we asked if respondents were familiar mainstream filings. A majority of respondents With the increasing focus on investors’ ESG with the Task Force on Climate-related globally were either not familiar with (53.1%) concerns, we asked issuers what questions Financial Disclosures (TCFD), an organization or uncertain about (15.0%) the TCFD. The 31.9% they receive from investors on ESG issues. founded in 2015 but growing in prominence of respondents who reported that they are Governance questions, i.e., board composition recently. TCFD was formed to develop a set of familiar with the organization were mainly in and structure (51%), dominate the discussion recommendations for voluntary and consistent Developed Asia (71.3%), followed by Western across sectors globally. climate-related financial risk disclosures in Europe (45.2%) and North America (38.1%). Investor relations departments monitoring ESG ratings DOES NOT GLOBAL ASIA PACIFIC LATIN AMERICA NORTH AMERICA WESTERN EUROPE MONITOR 38.3% 36.0% 44.0% 31.0% 32.3% MONITORS 61.7% 64.0% 56.0% 69.0% 67.7% ESG rating providers chosen by respondents % 1 % . 1 58 . % 57 4 . % % 50 % 2 5 0 % % . 5 5 44. 44. . . 45 % 40 40 5 % % . 5 1 35 . % . % 30 3 30 8 % . % % . 9 9 25 . 25 0 % . . 7 % 20 % 20 . 1 % 20 4 % 18 6. 7 4. 5 1 . % 1 % 13 3 11. % 5 % 9. % 2 9. % 8 % 1 7. % % 7 2 7. 1 0 2. 4. 3. 2. 0. MSCI SUSTAINALYTICS ISS VIGEO EIRIS REPRISK OTHER 4 Climate Disclosure Standards Board (CDSB). Everything you need to know about the Task Force on Climate-related Financial Disclosure. Retrieved on January 29, 2020 from https://www.cdsb.net/task-force/639/everything-you-need-know-about-task-force-climate-related-financial-disclosures. 18