TCFD is a huge opportunity for asset managers

The Taskforce on Climate-Related Financial Disclosures (TCFD)'s goal is to promote transparent climate reporting so investors and lenders have the data they need to make more informed decisions about how capital is allocated. As of 2023, the TCFD's recommendations have been publicly supported by almost 5,000 organisations across more than 100 jurisdictions, leading to an increase in TCFD reporting within firms. But why is this beneficial for asset managers? Morningstar explains.