14 Dec, 2017, 05:55 ET
ANNAPOLIS, Md., Dec. 14, 2017 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE: HASI), a leading investor in sustainable infrastructure, today announced it has joined the Climate Disclosures Standards Board (CDSB) Initiative, a collective commitment by a leading group of companies to strengthen and align climate-related corporate reporting by pledging to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
"Hannon Armstrong is proud to be the first U.S.-based, public company to commit to the CDSB-led initiative on TCFD implementation, the principles of which have long been embedded in our corporate DNA. In a world increasingly defined by carbon, we believe we will achieve better risk-adjusted returns investing on the right side of the climate change line," said Jeffrey Eckel, President & CEO. "To that end, we are committed to formalizing our governance framework by implementing the TCFD recommendations and further, to engage with other corporates to sharpen their views on how they can drive carbon action."
The Task Force on Climate-related Financial Disclosures, an international consortium of both users and preparers of disclosures covering a broad range of economic sectors and financial markets, has developed voluntary climate related financial disclosures guidelines intended to be useful to investors, lenders, and insurance underwriters. The Task Force structured its recommendations around four thematic areas that represent core elements of how organizations operate: governance, strategy, risk management, and metrics and targets. Hannon Armstrong is also a member of the Ceres Investor Network on Climate Risk and Opportunity.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) invests in sustainable infrastructure markets, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to established sponsors and high credit quality obligors for assets that generate long-term, recurring and predictable cash flows. The Company is based in Annapolis, MD.
Forward Looking Statements
Some of the information in this press release contains forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "target," or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in our Annual Report on Form 10-K for our fiscal year ended December 31, 2016, which was filed with the U.S. Securities and Exchange Commission ("SEC"), as well as in other reports that we file with the SEC.
Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. We disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
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SOURCE Hannon Armstrong Sustainable Infrastructure Capital, Inc.
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