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 Status Report Publication

The Task Force released its first Status Report providing an overview of current disclosure practices and their alignment with the core elements of the TCFD recommendations on Wednesday, September 26, 2018. In time for the report publication, 513 organizations have expressed their support for the TCFD recommendations, signaling growing momentum for climate-related disclosures. View our full list of supporters here.

TCFD Knowledge Hub

The TCFD launched its TCFD Knowledge Hub in collaboration with CDSB. The TCFD Knowledge Hub is a platform designed to help organizations implement the TCFD recommendations by providing over 300 relevant insights, tools and resources.

Resources include existing legislation and regulations, frameworks, standards, guidance, research papers, tools and webinars. All resources either directly address the TCFD recommendations or are related to themes or specific requirements within the TCFD recommendations.

The TCFD Knowledge Hub is accessible at tcfdhub.org.

Scenario Analysis Conference

Task Force members 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