Hannon Armstrong is First U.S. Company to Commit to Climate Disclosures Standards Board (CDSB) Initiative to Implement Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and Supports Climate Action 100+ Launch
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.
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