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.

Learn more here: http://www.fsb.org/about/

Videos from this campaign

Content from this campaign

Events, Media & Communications

Mike Bloomberg and FSB Chair Mark Carney Announce Growing Support for the TCFD on the Two-Year Anniversary of the Paris Agreement
Two hundred thirty-seven companies with a combined market capitalization of over $6.3 trillion have publicly committed to support the Task Force on Climaterelated Financial Disclosures (TCFD). This includes over 150 financial firms, responsible for assets of over $81.7 trillion. The TCFD announced the growing support at the One Planet Summit hosted by French President Emmanuel Macron celebrating the two year anniversary of the Paris Agreement.

Awards, Ratings & Rankings

Bloomberg and Carney Announce Growing Support for Climate-Focused Financial Taskforce
On the two-year anniversary of the Paris Agreement, 237 companies with a combined market capitalisation of over $6.3 trillion have publicly committed to support the Bloomberg-led Task Force on Climate-related Financial Disclosures (TCFD). This includes over 150 financial firms responsible for assets of over $81.7 trillion.

Environment

Final Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)
Last week the FSB Task Force on Climate-related Financial Disclosures (TCFD), chaired by Mike Bloomberg, released its final Recommendations report, which outlines a voluntary framework for companies to disclose their climate-related risks and opportunities in their financial filings.

Environment

Carney’s CEO Club Gives $3.3 Trillion Muscle to Climate Fight
Bank of England Governor Mark Carney said he’s concerned investors aren’t doing enough to assess threats that global warming will have on assets they purchase.

Environment

Better Market Information Can Help Combat Climate Change
Markets do more than help nations prosper. They can help solve our most pressing problems. Case in point: climate change. Financial markets have the potential to improve our prospects for tackling climate change, but only if we make climate risks and opportunities more transparent. Public policy, technology and consumer preferences are advancing, but this backdrop is complex and dynamic.

Environment

Mike Bloomberg & Carl Pope Talk Climate Change on Morning Joe
Mike Bloomberg and Carl Pope talk about the significant advances made to address climate change on MSNBC's Morning Joe.

Environment

Australian Companies' Negligence on Tackling Climate Change Will Cost Us
As you contemplate the coming year, what it might bring, and your own personal goals and hopes, here's a little fact to help orient your thoughts: planet Earth has just experienced its warmest year since records began.

Sustainable Finance & Socially Responsible Investment

Tell Investors of Climate Risks, Energy Sector is Urged
A coalition of the world’s most powerful bankers, regulators and even executives at some heavy polluters have a message for oil and gas companies: Be more forthcoming about the risks posed by climate change.

Responsible Business & Employee Engagement

Mark Carney & Mike Bloomberg: How to Make a Profit from Defeating Climate Change
From rising sea levels to more severe storms and more intense droughts, climate change will present serious risks to, and create major opportunities for, nearly every industry. Citizens, consumers, businesses, governments, and international organisations are all taking action.

Responsible Business & Employee Engagement

Companies Should Report Possible Climate Costs, Say Global Executives
LONDON—Companies should publish an assessment of the losses they could suffer through climate change as part of their routine financial statements, according to a panel of financial and business executives chaired by Michael Bloomberg.

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