The Task Force on Climate-related Financial Disclosures

The Task Force on Climate-related Financial Disclosures

The Task Force on Climate-related Financial Disclosures (TCFD) will develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. The Task Force will consider the physical, liability and transition risks associated with climate change and what constitutes effective financial disclosures across industries. The work and recommendations of the Task Force will help firms understand what financial markets want from disclosure in order to measure and respond to climate change risks, and encourage firms to align their disclosures with investors’ needs.

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Content from this campaign

Companies Make Progress Gauging Climate Risk, but Not Enough
Companies too often make the mistake of thinking climate change is a long-term issue, but it’s actually affecting decisions today, according to a report by a global commission set to evaluate transparency into financial climate risks and opportunities. More companies are discovering and disclosing the risks they face related to climate change, but need to do so in...
Jun 7, 2019 10:05 AM ET
2019 TCFD Status Report: Key Takeaways
To better understand current climate-related financial disclosure practices and how they have evolved, the Task Force on Climate-related Financial Disclosures (TCFD or Task Force) reviewed—using artificial intelligence technology—reports for over 1,000 large companies in multiple sectors and regions over a three-year period. In addition, the Task Force conducted a survey on companies’ efforts...
Jun 6, 2019 12:00 PM ET
Second TCFD Status Report Shows Steady Increase in TCFD Adoption
NEW YORK, June 5, 2019 /3BL Media/ – The Task Force on Climate-related Financial Disclosures (TCFD) published its 2019 Status Report to the Financial Stability Board (FSB) today. The TCFD’s second status report provides an overview of disclosure practices aligned with the Task Force’s recommendations between 2016 and 2018. The report also examines the decision-usefulness of existing climate-...
Jun 5, 2019 11:35 AM ET
The TCFD Publishes Its First Status Report
September 27, 2018 /3BL Media/ - The Task Force on Climate-related Financial Disclosures, chaired by Mike Bloomberg, published its first...
Sep 27, 2018 9:15 AM ET
Physical Risk: Second Part of Guidance for Banking Industry to Implement TCFD Recommendations Now Available
July 24, 2018 /3BL Media/ - UNEP FI's newly released report "Navigating a New Climate" outlines findings from 16 banks piloting the recommendations of the Task Force on...
Jul 24, 2018 10:45 AM ET