Wistron Corporation Announces Support for the Task Force on Climate-related Financial Disclosures

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Wistron Corporation Announces Support for the Task Force on Climate-related Financial Disclosures

2021.12.23
News

Wistron Corporation Announces Support for the Task Force on Climate-related Financial Disclosures

Wistron Corporation joins more than 2,500 organizations around the world in publicly supporting the TCFD recommendations

Today, Wistron Corporation declared its support for the Task Force on Climate-related Financial Disclosures (TCFD), joining more than 2,500 organizations in demonstrating a commitment to building a more resilient ICT industry ecosystem and safeguarding against climate risk through better disclosures and practical commitment.

The TCFD, chaired by Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies, provides market participants with recommendations to address the financial impact of climate change on their business. By increasing transparency on financially material climate-related risks and opportunities the recommendations promote more informed financial decision-making by investors, lenders and others.

Supporters of the TCFD span the public and private sectors and include national governments, central banks, stock exchanges, credit rating agencies, financial organizations and private sector businesses from a variety of industries.

“Wistron's sustainable development is closely integrated with our digital vision to be a technology powerhouse for better life and environment. Our vision comprises four major areas: corporate governance, environmental protection, social integration, and innovative value. These areas form the core of Wistron's sustainability strategies and set the direction for our corporate sustainability development while integrating the UN SDGs in our core business activities.”

- Robert Hwang, Vice Chairman, Wistron Corporation

Widespread implementation of the TCFD recommendations will provide investors, lenders and insurance underwriters with consistent and relevant information to understand the economic risks and opportunities resulting from climate change. Increased disclosures in line with the recommendations across sectors and geographies will help global markets make more efficient capital allocation decisions and adjust appropriately to the disruptive effects of global climate change.

Implementing the TCFD recommendations provides companies with:

  • Easier or better access to capital by increasing investors’ and lenders’ confidence that climate-related risks are appropriately assessed and managed,
  • Better ability to meet existing disclosure requirements by reporting material information in financial filings,
  • Increased awareness and understanding of climate-related risks and opportunities, resulting in better risk management and more informed strategic planning, and
  • The ability to proactively address investors’ demand for climate-related information in a framework that investors are increasingly asking for.

For more information about the Task Force on Climate-related Financial Disclosures, please visit www.fsb-tcfd.org.

Wistron Media Contacts

Maxine Lin
Wistron Corporation
+886-2-6612-5190
pr_office@wistron.com

About Wistron

 

Wistron Corporation, a Fortune® Global 500™company, and a global leading Technology Service Provider supplying the design, manufacturing and after-sales services on various ICT (information and communication technology) products to top branded companies worldwide. We are devoted to increasing the value of our services and systems through developing innovative solutions in the areas of green recycling, cloud and display vertical integration. For more information, please visit: www.wistron.com.

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 32 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.