NEW YORK--(BUSINESS WIRE)--
Voya Financial, Inc. (VOYA), announced today that it has become a supporter of the recommendations of the FSB Task Force on Climate-related Financial Disclosures (TCFD), which was established in late 2015 to help identify the information needed by investors, lenders, and insurance underwriters to assess and price climate-related risks and opportunities. The TCFD seeks to assist companies in developing a framework of voluntary and transparent climate-related financial disclosures through existing reporting processes. Voya is one of more than 500 organizations to express their support for the Task Force in time for the release of TCFD’s 2018 Status Report.
“Voya is committed to making a positive difference in our communities and minimizing our impact on the planet,” said Rodney O. Martin, Jr., chairman and CEO, Voya Financial. “We understand the significant risk that climate change poses and we are proud to align ourselves with the Task Force – and its mission to change the way the business community approaches climate-related financial disclosure.”
Michael R. Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies, is Chair of the Task Force and the UN Special Envoy for Climate Action. Recommendations from the Task Force seek to catalyze more consistent, comparable, and reliable disclosure of climate-related information that will facilitate more informed business and investment decision-making.
In an announcement releasing TCFD’s 2018 status report, Mr. Bloomberg stated, "The more companies know about the risks they face, the faster and more effectively they can address them — and the more they report that information, the better equipped investors will be to make smart decisions. It is encouraging to see the Task Force's group of supporters continue to grow. It will make the global economy more resilient and drive more capital to projects that are helping to reduce emissions and protect people from harm."
Companies in support of TCFD are from a wide range of sectors with a combined market capitalization of more than $7.9 trillion. The Task Force includes over 287 financial firms, responsible for assets of nearly $100 trillioni. More information about the Task Force on Climate-related Financial Disclosures is available at https://www.fsb-tcfd.org/.
About Voya Financial®
Voya Financial, Inc. (VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 14.3 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $8.6 billion in revenue in 2017. The company had $528 billion in total assets under management and administration as of June 30, 2018. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya’s vision is to be America’s Retirement Company®. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has been recognized as one of the 2018 World’s Most Ethical Companies® by the Ethisphere Institute; one of the 2018 World’s Most Admired Companies by Fortune magazine; as a member of the Bloomberg Gender Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index by Disability:IN. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.