Amp Continues to Enhance its ESG Practices by Declaring its Support for the Task Force on Climate-related Financial Disclosures (TCFD) and its Recommendations.
Toronto, ON – June 25, 2020 – Amp, a global renewable energy infrastructure platform company, today announced it has become a supporter of the Task Force on Climate-related Financial Disclosures and its Recommendations.
The Task Force, which is chaired by Michael R. Bloomberg, provides recommendations to enable markets to address the financial impact of climate change by increasing transparency on climate-related risks and opportunities to promote more informed financial decision-making.
By publicly declaring its support for the TCFD and its recommendations, Amp is demonstrating that it is taking action to back a more resilient financial system through climate-related disclosure. Amp will join more than 1,300 organizations already supporting the TCFD, representing a market capitalization of over $12 trillion.
This announcement swiftly follows the formation of Amp’s Women’s Network and the news that they have recently become a signatory of the Principles for Responsible Investment (PRI), reinforcing Amp’s commitment to strengthen its sustainability track and enhance its ESG integration practices.
For Amp media enquiries:
About the Task Force on Climate-related Financial Disclosures
On December 4, 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 31 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 June 29, 2017. More information about the TCFD can be found at www.fsb-tcfd.org.
Amp is a global energy transition platform.
We develop, own and operate clean energy assets throughout our core markets around the world, alongside Amp X, our disruptive grid-edge technology platform utilizing proprietary artificial intelligence expertise. The company is headquartered in Toronto with global operations throughout Japan, Australia, India, Spain, Czech Republic, UK and North America.
Founded in 2009, Amp is a high-growth disruptor at scale, backed by major investments from institutional capital partners including most recently the Carlyle Group, which invested US$374 million into the company in late 2020.
For more information, please visit www.amp.energy