TCFD: Task Force on Climate-related Financial Disclosures

What is TCFD?

• TCFD stands for Task Force on Climate-related Financial Disclosures.

• The Financial Stability Board created TCFD to improve and increase reporting of climate-related financial information.

• TCFD has developed a framework to help public companies and other organizations more effectively disclose climate-related risks and opportunities through their existing reporting processes.

• TCFD's recommendations encourage clear reporting on how climate change financially impacts companies across four pillars: governance, strategy, risk management, and metrics and targets.

References:

• Financial Stability Board (fsb.org)

• Task Force on Climate-Related Financial Disclosures | TCFD) (fsb-tcfd.org)

• 2020 TCFD Status Report _ Message from Mike Bloomberg on Vimeo