TCFD: Task Force on Climate-related Financial Disclosures

Increasing transparency makes markets more efficient, and
economies more stable and resilient.
—Michael R. Bloomberg, Chair

TCFD Recommendations Report Launch

The Task Force released its Recommendations Report on Wednesday, December 14, 2016.

At the same time the Task Force launched a 60-day public consultation period. The public consultation period closed on February 12, 2017. A summary of the public consultation findings is available here.

Michael R. Bloomberg Recommendations Report Launch Video Message

Michael Bloomberg shares a video message on why climate risk disclosure is important for businesses alongside the launch of the TCFD Recommendations report on Wednesday, December 14, 2016.

Our Mission

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 about the Task Force