The Task Force on Climate-related Financial Disclosures

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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

Carney Panel Urges CEO Compensation Link With Climate Risk
Originally posted on Energy companies should consider telling investors how executive compensation is linked to climate change risks, ...
Jan 2, 2017 2:55 PM ET
Mark Carney: Businesses Must Come Clean About Climate Change Risks to Avoid "Tragedy"
Mark Carney backed a raft of new measures to ensure businesses and investors do more to combat the “tragedy” of climate change. The recommendations, published by an international task force headed by billionaire New York City mayor, Michael Bloomberg, said investors need more information about the risks companies face from global warming so they can properly allocate funds. ...
Dec 30, 2016 2:55 PM ET
Climate Disclosure Framework Creates a Better Environment for Investors
Stephanie Leaist is a member of the Task Force on Climate-related Financial Disclosures, and managing director, Head of Sustainable Investing at Canada Pension Plan Investment Board A year ago there was an air of optimism around the Paris Agreement to limit global warming. Driven by a sense of urgency, encouraging action has since been taken by policy makers, regulators, companies and...
Dec 28, 2016 3:50 PM ET
MPs from 34 Countries Write to Stock Exchanges Asking Them to Make Firms Reveal Climate Change Risks
An international alliance of over 100 MPs from 34 different countries have written to the world’s stock exchanges calling on them to factor in the financial risks of climate change. Mark Carney said today that investors “currently don’t have the information to respond to these developments”. ...
Dec 27, 2016 2:55 PM ET
G20 Task Force Wants Companies to Come Clean on Climate Risk
A global task force set up to try to prevent market shocks from the warming of the planet will ask companies to disclose how they manage risks to their business from climate change and greenhouse gas emission cuts. Although the measures recommended by the Task Force on Climate-Related Financial Disclosures (TCFD) are voluntary, some of its members argue they should become mandatory....
Dec 26, 2016 5:50 PM ET