Task Force on Climate-Related Financial Disclosures (TCFD)

TCFD guidance and resources for businesses

Anthesis is proud to have joined over 2600 leading global organisations in becoming a Supporter of the TCFD.

 

The Task Force on Climate-Related Financial Disclosures, or TCFD, was established by the Financial Stability Board (FSB) in 2015 with the intent of providing more transparent and decision-useful information for the financial sector around climate-related issues faced by businesses. It is the first international initiative to report on the impact of climate change in a financial stability context.

The TCFD’s aim is to develop consistent climate-related financial risk – and opportunity – disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. The TCFD framework is being adopted internationally at a rapid pace and has become the backbone of climate-related disclosure, companies now have to demonstrate TCFD alignment over a brief period.

The TCFD framework addresses the physical and transition risks of an organisation and its assets associated with climate change and what constitutes effective financial disclosures across industries. The TCFD framework helps companies understand what financial markets expect from the disclosure of climate change-related implications on investment decisions and encourages firms to align their disclosures and practices with investors’ needs.

Find out about the TCFD Recommendations

The Anthesis Approach

Anthesis’ TCFD services include:

  • TCFD maturity mapping: We will help you understand what your organisation already discloses that is TCFD-aligned, and how you stack up against the maturity of your peers’ disclosures and best-practices. Anthesis can support your company in developing a multi-year roadmap for an increasingly mature TCFD reporting and corresponding strategy that is in line with TCFD guidance and exemplifies climate leadership.
  • Governance: Anthesis can provide guidance on management and board-level oversight structures, change management, data governance, regular disclosure cycles and climate education. We can provide tailored climate education for stakeholders and upskill your entire workforce to build support and buy in at every level.
  • Scenario analysis: We offer industry-leading, data-driven climate modeling capabilities to conduct scenario analysis and stress testing, which will help your company better understand how its exposure to key climate related physical and transition risks may change over time and under many future climate worlds.
  • Strategy: Anthesis will provide guidance on climate change mitigation and adaptation strategies. Our in-house experts and external partners will help develop strategies to identify and implement solutions to build climate resilience as it relates to renewable energy, water management, net zero, lifecycle assessment, supplier engagement and other relevant climate risk mitigation efforts.
  • Reporting: We will integrate all your climate-related data and insights to produce comprehensive disclosures in alignment with TCFD recommendations, so your company is prepared to report publicly in alignment with the TCFD framework, whether through your annual ESG report, Form 10-K or corporate disclosure.

 

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