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

TCFD Reaction: 'Turning Point for Climate Disclosure'
Originally posted on Environmental Finance. The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated...
Dec 20, 2016 1:35 PM ET
Organisations Should Use Existing Climate Scenario Analysis or Develop Their Own, Says TCFD
Companies should use a range of existing, publicly-available climate-related scenario analysis or develop their own in order to assess the risks posed to their business by climate change, according to the Financial Stability Board (FSB) Task Force on Climate-Related Financial Disclosures (TCFD). TCFD says companies should consider risks posed to their businesses by the world...
Dec 19, 2016 1:30 PM ET
Tell Investors of Climate Risks, Energy Sector is Urged
Originally posted in the New York Times. A coalition of the world’s most powerful bankers, regulators and even...
Dec 19, 2016 7:10 AM ET
Climate Related Financial Disclosure For Business: An Imperative For 2017
2016 began - as recorded here on Forbes - noting that climate change was becoming very real in the financial world. As we head towards the end of what has been a tumultuous year, the ...
Dec 19, 2016 6:45 AM ET
Task Force Issues Specific Guidance for the Financial Sector
A key aim of the FSB Task Force is to encourage disclosures that "would enable stakeholders to understand better the concentrations of carbon-related assets in the financial sector and the financial system's exposures to climate-related risks." More specifically, the Task Force says its recommendations are intended to "help organisations identify and disclose information needed by...
Dec 16, 2016 1:25 PM ET