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

TCFD Reaction: 'Turning Point for Climate Disclosure'
The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting.

Events, Media & Communications

TCFD's Long-Awaited Report Revealed
After a year of intensive work, the Task Force on Climate-related Financial Disclosures (TCFD) today laid out its eagerly-awaited recommendations designed to help standardise and mainstream considerations about the impacts of climate change on companies.

Sustainable Finance & Socially Responsible Investment

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).

Environment

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."

Sustainable Finance & Socially Responsible Investment

TCFD Report Launch: Key Comments from Carney, Bloomberg, Schapiro, Lindeijer
Bank of England Governor and Chair of the Financial Stability Board Mark Carney has said the newly released report from the Task Force on Climate Related Financial Disclosures (TCFD) represents a breakthrough in managing the risks and opportunities related with climate change.

Environment

White House Targets Financial Disclosure of Climate Risk
A White House climate official is scheduled to speak Monday about a new plan to disclose the financial risk associated with climate change, following work with a Group of 20 task force.

Events, Media & Communications

Disclosing Climate-Related Financial Risk
On Monday, October 31, 2016 the Global Energy Center hosted a conversation on the necessity of financial disclosures for public and private interests. In light of increasing regulation from climate change legislation, investors are demanding risk disclosures in order to make rational decisions about where to target stakeholder and taxpayer money. Mary Schapiro, Secretariat of the G-20 Task Force on Climate-Related Financial Disclosures

Sustainable Finance & Socially Responsible Investment

Former SEC Chair: Fossil-Fuel Interests Should Disclose Financial Risks of Climate Change
Companies with investments in oil, gas and coal need to do a better job disclosing the financial risk of climate change to their investors, a former chair of the Securities and Exchange Commission and an Obama administration official said Monday.

Sustainable Finance & Socially Responsible Investment

Former SEC Chief: Common Climate Risk Reporting Tool Important to Future Markets
Investors are beginning to understand the importance of recognizing the potential risks posed by climate change to companies they look to put their money into, according to Mary Schapiro, former chair of the U.S. Securities and Exchange Commission and current special adviser to the Group of 20’s Task Force on Climate-Related Financial Disclosures.

Sustainable Finance & Socially Responsible Investment

Clean Energy Has Arrived; Corporate Climate Disclosure Approaching
The transition from fossil fuels to clean energy is so established already that it would be difficult to reverse it, an official from the White House Office of Management and Budget said Monday.

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