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.
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.
Preview the surveys for Asset Managers | Asset Owners: General | Asset Owners: Insurance Companies
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.
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.
Governance
Disclose the organization’s governance around climate-related risks and opportunities.
Strategy
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.
