TCFD: Task Force on Climate-related Financial Disclosures

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

Scenario Analysis Conference

Task Force member briefly explain what scenario analysis is and why the TCFD has included it as part of its recommendations for better climate-related financial disclosures.

Scenarios were the focus of discussion at the TCFD & BoE Conference on Climate Scenarios, Financial Risk and Strategic Planning which took place in London on October 31 and November 1, 2017. You can watch all the discussions from day 1 of the conference here.

TCFD Recommendations Report Launch

The Task Force released its final Recommendations report and supplemental materials on Thursday, June 29, 2017.

The Task Force previously released its draft Recommendations Report in December 2016. The draft report was made available for 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.

Statement of Support and Supporting Companies

The final Recommendations report of the TCFD received support from over 100 businesses spanning numerous industries globally, which collectively signed our statement of support.

The statement and full list of companies can be found here. You can submit a request here if your company is interested in joining our list of supporting companies.

Michael R. Bloomberg Recommendations Report Launch Video Message

Michael Bloomberg shares a video message on why climate risk disclosure is important for businesses.

TCFD Recommendations Overview

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