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/

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Research, Reports & Publications

Fourth TCFD Status Report Highlights Greatest Progress to Date on TCFD Adoption
TCFD disclosure increased more between 2019 and 2020 than in previous years; 83 of the world’s largest 100 companies now support or report in line with the TCFD’s recommendations.

Research, Reports & Publications

Most of the World's Biggest Public Companies Support Climate Risk Disclosure
A task force set up to improve the reporting of financial risks caused by climate change has seen support for its recommendations soar in the past year as demand grew from investors for more information on how a warming planet will affect business.

Research, Reports & Publications

Third TCFD Status Report Shows Progress & Highlights Need for Greater Climate Related Disclosures and Transparency
The Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board (FSB), published its 2020 Status Report today.

Research, Reports & Publications

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.

Research, Reports & Publications

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 to implement the TCFD recommendations as well as users’ views on the usefulness of climate-related financial disclosures for decision-making.

Research, Reports & Publications

Second TCFD Status Report Shows Steady Increase in TCFD Adoption
he 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.

Research, Reports & Publications

The TCFD Publishes Its First Status Report
The Task Force on Climate-related Financial Disclosures, chaired by Mike Bloomberg, published its first Status Report providing an overview of current disclosure practices and their alignment with the core elements of the TCFD recommendations.

Research, Reports & Publications

Physical Risk: Second Part of Guidance for Banking Industry to Implement TCFD Recommendations Now Available
UNEP FI's newly released report "Navigating a New Climate" outlines findings from 16 banks piloting the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the estimated impact of climate change on their corporate lending portfolios. The report prominently features the use of MAPS as a geospatial mapping tool for physical risk assessment.

Sustainable Finance & Socially Responsible Investment

TCFD and CDSB Launch Knowledge Hub to Help Organizations Implement the TCFD Recommendations
Today the Task Force on Climate-related Financial Disclosures (TCFD) and the Climate Disclosure Standards Board (CDSB) announced the launch of the TCFD Knowledge Hub – a platform with relevant insights, tools and resources to help organizations implement the TCFD recommendations – at the TCFD U.S. Scenario Analysis Conference in New York.

Sustainable Finance & Socially Responsible Investment

Deciphering the Task Force on Climate-related Financial Disclosures (TCFD)
Climate change not only poses serious threats to communities in the form of natural disasters such as catastrophic floods, droughts and storms, but it also impacts businesses operating in the affected communities. Companies around the world, and in nearly every sector, are increasingly acknowledging that climate change presents significant risks to the economy, while battling climate change may bring new opportunities for growth as well.

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