Border to Coast – Strengthening stewardship through TCFD reporting

This practical example shows how Border to Coast Pensions Partnership – one of the largest pension pools in the UK – leveraged its TCFD reporting to enhance its stewardship practices. By adopting the TCFD recommendations in its first full financial reporting year (ie before it became mandatory), Border to Coast gained a deeper understanding of its climate-related risks and opportunities. This knowledge informed policies and processes for stewardship, including engagement and voting, resulting in a proactive approach to managing climate-related risks and driving positive change within its investment portfolio. This case study also includes information on Border to Coast's net zero governance structure and the analysis it undertook to create a clearer picture of how it could use data to assess climate-related risks and opportunities across its portfolio.