2.6.2 Consultation and review 2025
The 2025 TICCS® market consultation took place between January 2024 to June 2024. The objectives of the consultation were:
whether each TICCS® pillar serves a clear purpose
whether there are categories under each pillar that should be added, revised or removed
whether any other pillars should be considered
how TICCS® is useful to the respondent’s organisation
69 responses were provided, mostly by asset owners and managers but also consultants and banks. However, not every respondent manage to successfully complete the survey.
Of 55 responses, 38% of respondents considered TICCS® 2025 to be appropriate, with no changes required. The remaining 62% of respondents had comments or required clarifications about the classification. These comments and suggestions were then passed to the TICCS® Review Committee for their consideration and expert opinion.
The rest of this document includes the key January 2025 recommendations of the Review Committee and a discussion of most of the suggested changes or clarifications. Note that a number of suggestions were aggregated, and a few were excluded because they were not considered relevant.