- link Copy URL
- [     Share on X ](https://twitter.com/intent/tweet?text=Third TCFD Status Report Shows Progress & Highlights Need for Greater Climate Related Disclosures and Transparency https://www.3blmedia.com/markdownify/node/305316?absolute=1&via=3blnews "Share on X")
- [  Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/305316?absolute=1 "Share on Linkedin")
- [  Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/305316?absolute=1 "Share on Facebook")
- [ email Share via email ](mailto:?subject=Third TCFD Status Report Shows Progress & Highlights Need for Greater Climate Related Disclosures and Transparency&body=ESG News from Bloomberg https://www.3blmedia.com/markdownify/node/305316?absolute=1 "Share via email")
 
 

 [Research & Reports](/categories/research-reports)

 # Third TCFD Status Report Shows Progress & Highlights Need for Greater Climate Related Disclosures and Transparency

 

##### The TCFD also issues implementation guidance and opens public consultation period to solicit input on forward-looking metrics

 

 

 Oct 29, 2020 1:50 PM ET

  Campaign:  ![](/s3/files/styles/carousel_2x/s3/2026-08/TCFD_findings_1786724398.jpg "Key Takeaways and Findings")

 Key Takeaways and Findings 

 

[Third TCFD Status Report Shows Progress & Highlights Need for Greater Climate R…](https://www.fsb-tcfd.org/publications/#status-report-2020)

Originally posted on [fsb-tcfd.org](https://www.fsb-tcfd.org/).  
  
New York, October 29, 2020 – The Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board (FSB), published its 2020 Status Report today. Reviewing 1,700 companies’ reports using artificial intelligence technology, the Task Force found that disclosure of climate-related financial information aligned with the TCFD recommendations has steadily increased since the recommendations were published in 2017. The largest increases relate to companies disclosing how they identify, assess, and manage climate-related risk. Industries considered most exposed to material climate risk have led with the highest levels of TCFD disclosure. To date, more than 1,500 organizations have expressed their support for the TCFD recommendations, representing an increase of over 85% since the 2019 status report. However, despite the significant momentum, the 2020 Status Report highlights the continuing need for progress in improving levels of TCFD-aligned disclosures given the urgent demand for consistency and comparability in reporting. In particular, disclosure of the potential financial impact of climate change on companies’ businesses and strategies remains low.   
  
Visit [fsb-tcfd.org](https://www.fsb-tcfd.org/) to read the full [press release](https://assets.bbhub.io/company/sites/60/2020/10/TCFD-2020-Status-Report-Press-Release_FINAL.pdf) and [status report](https://www.fsb-tcfd.org/publications/#status-report-2020), along with information and resources.



 

### Additional Media

#### Images

 [  ![](/sites/default/files/styles/carousel_thumbnail_x2/public/images/TCFD_findings.jpg?h=29fc8303)  Key Takeaways and Findings ](/sites/default/files/images/TCFD_findings.jpg "Key Takeaways and Findings") 

 

 

 

 

 

 

 

 

 [![](/sites/default/files/Clients/updatedlogoBBGBlck.png)](/profiles/bloomberg)

 



 

### More from Bloomberg

###### [Companies With Gender Diverse Boards Deliver 2–5% Higher Annual Returns Than Companies With Fewer Women, Finds Bloomberg Intelligence](/news/companies-gender-diverse-boards-deliver-2-5-higher-annual-returns-companies-fewer-women-finds)

 Oct 23, 2024 9:30 AM ET

  



###### [Bloomberg Named a Leader in Climate Financial Data and Analytics in Report by Independent Research Firm](/news/bloomberg-named-leader-climate-financial-data-and-analytics-report-independent-research-firm)

 Oct 22, 2024 9:00 AM ET

  



###### [Bloomberg Launches Solution to Help Investors Assess Their Exposure to Nature and Biodiversity-Related Risks](/news/bloomberg-launches-solution-help-investors-assess-their-exposure-nature-and-biodiversity)

 Oct 18, 2024 1:30 PM ET

  



###### [Public Research for Climate Action](/news/public-research-climate-action)

 Sep 26, 2024 4:00 PM ET

  



###### [Bloomberg Expands Climate Solutions To Enhance Corporate Transition Risk Assessments and Help Firms Align Portfolios With Their Net Zero Targets](/news/bloomberg-expands-climate-solutions-enhance-corporate-transition-risk-assessments-and-help)

 Sep 20, 2024 3:30 PM ET

  



###### [EDP Renewables to Supply Clean Electricity to Bloomberg in Innovative Long-Term Contract](/news/edp-renewables-supply-clean-electricity-bloomberg-innovative-long-term-contract)

 Sep 13, 2024 11:30 AM ET

  



###### [Bloomberg Named a Leader in ESG Data and Analytics in Report by Independent Research Firm](/news/bloomberg-named-leader-esg-data-and-analytics-report-independent-research-firm)

 Aug 19, 2024 6:15 PM ET

  



###### [Net-Zero Window Closing but Still Time To Get on Track](/news/net-zero-window-closing-still-time-get-track)

 Aug 8, 2024 9:00 AM ET