Climate change presents financial risk to the global economy.
Financial markets need clear, comprehensive, high-quality information on the impacts of climate change. This includes the risks and opportunities presented by rising temperatures, climate-related policy, and emerging technologies in our changing world.
The Financial Stability Board created the Task Force on Climate-related Financial Disclosures (TCFD) to improve and increase reporting of climate-related financial information.
Benefits of better disclosure
More effectively evaluate climate-related risks to your company, its suppliers, and competitors.
Make better-informed decisions on where and when to allocate your capital.
Better evaluate risks and exposures over the short, medium, and long term.
The TCFD in the news
The TCFD has developed a framework to help public companies and other organizations more effectively disclose climate-related risks and opportunities through their existing reporting processes.
Disclose the organization’s governance around climate-related risks and opportunities.
Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material.
Disclose how the organization identifies, assesses, and manages climate-related risks.
Metrics & Targets
Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.