TCFD stands for Task Force on Climate-Related Financial Disclosures. It was formed after a review by the Financial Stability Board (FSB) into how the financial sector can best take account of climate-related issues. It is the first international initiative to examine climate change in a financial stability context.
The TCFD’s aim is to develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers and other stakeholders.
The TCFD has considered the physical, liability and transition risks to an organisation and its assets associated with climate change and what constitutes effective financial disclosures across industries. TCFD helps companies to understand what financial markets want from disclosure in order to measure and respond to climate change risks, and to encourage firms to align their disclosures with investors’ needs.
Anthesis is proud to have joined over 930 leading global organisations in becoming a Supporter of the TCFD.
Latest TCFD News
SEC Climate Risk Disclosure and TCFD Requirements
A summary of the proposal for SEC climate disclosure requirements. The summary also outlines the timeline for when changes will come into effect, implications for capital markets, and how businesses should prepare.
In this episode of The Activating Sustainability podcast, Host Chris Peterson is joined by Anthesis colleagues and ESG specialists Don Reed and Tim Clare to discuss the value that will be driven for companies reporting in line with the requirements of the TCFD.
Chris, Don and Tim explore:
- The background to the TCFD and how it is building in momentum;
- The parallel development of policy and regulatory drivers and the reactions of markets to changing public sentiment on climate change;
- How the TCFD practicably helps businesses to assess the implications of climate change for their operations and future strategy;
- Why now is the time to act.
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