Clarion Partners Announces Support for Task Force on Climate-Related Financial Disclosures

Northampton, MA –News Direct– Franklin Templeton

January 28, 2022 / 3BL Media / Clarion Partners, LLC, a leading real estate investment manager and specialty investment manager at Franklin Templeton, has declared its support for the Task Force on Climate-Related Financial Disclosures (TCFD) , joining organizations around the world in demonstrating their commitment to building a more resilient financial system and protecting against climate risk through better information.

The TCFD provides market participants with recommendations for dealing with the financial impact of climate change on their business. By increasing transparency about financially material climate-related risks and opportunities, the recommendations promote more informed financial decision-making by investors, lenders and others. TCFD supporters span the public and private sectors and include national governments, central banks, stock exchanges, credit rating agencies, financial organizations and private sector companies from various sectors.

“Becoming a TCFD supporter and following the TCFD disclosure guidelines reinforces our commitment to being a leader in responsible investing and sustainability,” said Karen Mahrous, Head of ESG at Clarion Partners. “Clarion assesses climate-related risks throughout the life cycle of our investments. By becoming supporters of TCFD, we are joining a global movement to improve public disclosure around these increasingly important topics.

Widespread implementation of the TCFD recommendations will provide investors, lenders and insurers with consistent and relevant information to understand the economic risks and opportunities resulting from climate change. Increased disclosure in line with the recommendations across all sectors and geographies will help global markets make more effective capital allocation decisions and adapt appropriately to the disruptive effects of global climate change.

Additionally, in addition to its industry-level efforts to help address carbon-related challenges in commercial real estate, Clarion continues to partner with property managers at the individual building level to seek opportunities for improvement. sustainability and efficiency. In 2021, 54 buildings in the Firm’s portfolio received either recertification or recertification, as follows:

  • Seventeen (17) industrial buildings, seventeen (17) multi-family buildings and five (5) office buildings have received IREM Certified Sustainable Property (CSP) Volume

    • The IREM CSP program recognizes sustainability efforts in energy, water, health, recycling and purchasing

  • Fitwel is a building rating system that provides guidance on the design and operation of healthier buildings, from environmentally friendly and resource-efficient building concepts to the integration of health, well-being and human experience in construction.

  • Leadership in Energy and Environmental Design (LEED) provides a framework for healthy, highly efficient and economical green buildings

About Clarion Partners, LLC

Clarion Partners, LLC, has been a leading real estate investment manager for over 39 years. Based in New York, the company has offices strategically located in the United States and Europe. With a total of $65.9 billion in real estate assets and debt under management, Clarion Partners offers a wide range of real estate strategies across the entire risk/return spectrum to 500 institutional investors worldwide. More information about the company is available at www.clarionpartners.com.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN], is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in more than 165 countries. Franklin Templeton’s mission is to help clients achieve better results through expertise in investment management, wealth management and technology solutions. Through its specialist investment managers, the firm brings extensive capabilities in equities, fixed income, multi-asset and alternative solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based firm has 75 years of investment experience and over $1.5 trillion in assets under management as of December 31, 2021. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

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