Horizon Software Announces Support for the Task Force on Climate-related Financial Disclosures
7th October 2021, Paris. Horizon Software (Horizon), a leading provider of electronic trading solutions and algorithmic technology announces today its support for the Task Force on Climate-related Financial Disclosures (TCFD), joining more than 1,800 organizations in demonstrating a commitment to building a more resilient financial system and safeguarding against climate risk through better disclosures.
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.
Sylvain Thieullent, CEO of Horizon Software, said: “We are honored to be supporting the TCFD. We are convinced that TCFD recommendations will help us better evaluate climate-related risks and opportunities, focus on key initiatives impacting the environment and adapt a strategic planning for a sustainable future. This initiative will improve our transparency with stakeholders as we will be providing a climate risk reporting and committing to build sustainable and resilient solutions”.
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.
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About Horizon Software
Horizon has been empowering capital market players for over two decades by building powerful algorithmic technology into its electronic trading platform and offering trading opportunities through direct connectivity to more than 150 exchanges including 60 brokers worldwide. Horizon enables clients to quickly create, test and implement automated trading strategies in real-time, in line with its ‘Trade Your Way’ philosophy. Its platform can be easily integrated with rich APIs and allows proprietary strategies to be built while keeping traders’ code confidential. More information about the Horizon Software can be found at: www.hsoftware.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 31 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.