TIM BUCKLEY TITLE : CHAIRMAN AND CEO COMPANY : VANGUARD
ESG
“ SHARING A COMMON APPROACH TO CLIMATE DISCLOSURE WILL BE INCREASINGLY IMPORTANT AS SOCIETIES , GOVERNMENTS , COMPANIES , AND INVESTORS TRANSITION TO LOWER-CARBON FUTURES ”
TIM BUCKLEY CHAIRMAN AND CEO , VANGUARD
TIM BUCKLEY TITLE : CHAIRMAN AND CEO COMPANY : VANGUARD
INDUSTRY : FINANCE AND INVESTMENTS
LOCATION : UNITED STATES
Tim Buckley is a prominent figure in the investment sector , currently serving as the Chairman and CEO at Vanguard . He influences the financial community by sharing insights and participating in industry events , such as the 2023 Leadership Summit .
The TCFD fosters a consistent ESG reporting standard which is adhered to by organisations globally and makes data and disclosures much more comparable when the approach is aligned by one specific set of guidelines . This was addressed in Vanguard ’ s ‘ Report on Climate-related Impacts 2021 ’, where CEO Tim Buckley explained “ sharing a common approach to climate disclosure will be increasingly important as societies , governments , companies , and investors transition to lower-carbon futures .”
Financial institutions have a strategic role to play in influencing the sustainability agenda . In a powerful position to regulate funding based on specific criteria , ESG accreditation is one of the evolving credentials that organisations can adopt to meet the needs of investors . Without sustainable practices , companies won ’ t qualify for funding . Lack of funding can limit the opportunities offered to companies , which will ultimately influence them to build sustainability into their strategies for growth .
At the core of growth are the people , making them a key touch point for generating more sustainable company-wide principles . As financial firms like Vanguard recognise the importance of their roles , they are likely to influence the need for ESG accreditation , but also encourage companies to align with their chosen standards .
70 November 2023