2.6.5 Consultation and review 2019-2020
The 2019 TICCS® market consultation took place between May and September 2019. 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
120 responses were provided, mostly by asset owners and managers but also consultants and regulators.
69% of respondents considered TICCS® 2018 to be appropriate, with no changes required. The remaining 31% 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 2020 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.