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IMPORTANT MESSAGE – PLEASE READ

Concurrent with the release of its 2023 status report on October 12, 2023, the TCFD has fulfilled its remit and disbanded. The FSB has asked the IFRS Foundation to take over the monitoring of the progress of companies’ climate-related disclosures.

As of November 2023, this website will no longer be updated or monitored but will remain available to serve as a resource for materials developed by the Task Force. The Task Force is deeply grateful to all parties involved for their input, support, and adoption of the TCFD recommendations.

About


Our goal

Given its remit from the Financial Stability Board, the TCFD was committed to market transparency. In our view, the success of the TCFD recommendations has been dependent on widespread adoption by companies in the financial and non-financial sectors.

Through widespread adoption, financial risks and opportunities related to climate change will become a natural part of companies’ risk management and strategic planning processes. As this occurs, companies’ and investors’ understanding of the potential financial implications associated with transitioning to a lower-carbon economy and climate-related physical risks will grow; information will become more decision-useful; and risks and opportunities will be more accurately priced, allowing for the more efficient allocation of capital.


2023

October 2023 Task Force fulfills remit

The Task Force on Climate-related Financial Disclosures has fulfilled its remit and disbanded. The Financial Stability Board has asked the IFRS Foundation to take over the monitoring of the progress of companies’ climate-related disclosures.

2022
2021
2020
2019
2018
2017
2016
2015

April 2015 FSB considers climate

The G20 Finance Ministers and Central Bank Governors ask the Financial Stability Board (FSB) to review how the financial sector can take account of climate-related issues. As part of its review, the FSB identifies the need for better information to support informed investment, lending, and insurance underwriting decisions and improve understanding and analysis of climate-related risks.