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Task Force on Climate-related Financial Disclosures

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.

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TCFD survey for asset managers and asset owners

The Task Force is conducting a survey of asset managers and asset owners on their climate-related financial reporting practices and will publish aggregated results in its 2023 status report.

This information should help asset managers and asset owners implement the TCFD recommendations and help a wide range of stakeholders understand the current state of asset manager and asset owner TCFD-aligned reporting.

Benefits of better disclosure

Risk assessment

More effectively evaluate climate-related risks to your company, its suppliers, and competitors.

Capital allocation

Make better-informed decisions on where and when to allocate your capital.

Strategic planning

Better evaluate risks and exposures over the short, medium, and long term.

A message from TCFD Chair Michael R. Bloomberg on the importance of climate-related financial disclosure.

Read the 2022 status report

The latest TCFD Status Report describes the steady increase in climate-related financial disclosures since 2017.

TCFD updates

TCFD recommendations

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.

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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.

Risk Management

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.

Read the TCFD recommendations on climate-related financial disclosure.

Download the report

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