Risks and Opportunities  0.62  0.00  0.41  b. Impact on Organisation  0.79  0.00  0.42  c. Resilience of Strategy  0.82  0.00  0.40  a. Risk ID and Assessment Processes  0.54  0.00  0.40  b. Risk Management Processes  0.87  0.00  0.42  c. Integration into overall Risk Management  0.66  0.00  0.40  Strategy  Risk Management  Metrics and Targets a. Climate-Related Metrics  0.70  0.00  0.41  b. Scope 1,2,3 GHG Emissions  0.82  0.00  0.42  c. Climate-Related Targets  0.99  0.00  0.43  This still nascent field will be important to understanding the utility of different climate disclosures. To this end, the Bank will continue its research. Third, we must spread knowledge on how to measure and use information on strategic resilience to manage risks and realise opportunities. Consistent with the Paris Accord’s objective to stabilise temperature increases to below two degrees, many governments are now committing to reaching net zero carbon by 2050. In convening this Summit, Prime Minister Abe has rightly highlighted the enormous investments that will be necessary to deliver these objectives. 8  All speeches are available online at www.bankofengland.co.uk/news/speeches  8  With an estimated US $ trillion of infrastructure spending expected between 2015 and 2030, the right decisions now can make sure those investments are both financially rewarding and environmentally sustainable. There has been a recent surge of environmentally focused investment funds.
While in 2017 the non-financial sectors (energy, transport, building and agriculture) led the way, banking is now the most advanced sector in disclosing information. Chart 3: Rates of disclosure against each TCFD recommendations by industry  Banking  Insurance  Energy  Materials & Buildings  Transport  Agri, Food & Forest  Tech & Media  Consumer Goods  a. Board Oversight  48%  29%  38%  37%  25%  22%  19%  29%  b. Management's Role  54%  35%  32%  35%  18%  26%  17%  40%  a. Risks and Opportunities  51%  39%  57%  50%  39%  40%  38%  50%  b. Impact on Organisation  55%  26%  64%  65%  34%  45%  25%  52%  c. Resilience of Strategy Risk Management a. Risk ID and Assessment Processes b. Risk Management Processes c. Integration into overall Risk Management Metrics and a. Climate-Related Metrics Targets  20%  12%  13%  12%  5%  4%  2%  6%  52%  30%  38%  41%  23%  24%  24%  22%  46%  33%  42%  39%  17%  26%  19%  23%  32%  16%  21%  18%  11%  9%  17%  21%  51%  27%  49%  63%  36%  45%  37%  55%  b.