TCFD Reporting

Holistic Task Force on Climate-related Financial Disclosures (TCFD) implementation for enhanced climate risk management.

What is TCFD?

The Task Force on Climate-related Financial Disclosures (TCFD) was established by the Financial Stability Board (FSB) to develop recommendations for more effective climate-related disclosures that could promote more informed investment, credit, and insurance underwriting decisions.

TCFD recommendations help organizations understand what financial markets want from disclosure in order to measure and respond to climate change risks, and encourage firms to align their disclosures with investors' needs. The recommendations focus on governance, strategy, risk management, and metrics and targets.

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Overview

Full Name

Task Force on Climate-related Financial Disclosures

Objective

To provide recommendations for effective climate-related financial disclosures that help promote informed investment, lending, and insurance decisions.

Scope

Guides organizations on disclosing governance, strategy, risk management, and metrics & targets related to climate risks and opportunities.

Implementation

Established by the Financial Stability Board (FSB) in 2015, with its recommendations increasingly adopted by organizations worldwide.

Climate-Related Risks & Opportunities

TCFD focuses on addressing both the risks and opportunities presented by climate change

Climate-Related Risks

Physical Risks

Acute risks (event-driven) like extreme weather events
Chronic risks like rising sea levels and temperatures

Transition Risks

Policy and legal changes like carbon pricing
Technology shifts toward low-carbon solutions
Market changes in supply and demand
Reputational impacts from stakeholder perceptions

Climate-Related Opportunities

Resource Efficiency

Reduced operating costs through efficiency improvements

Energy Source

Lower energy costs through renewable energy adoption

Products & Services

Development of low-emission products and services

Markets

Access to new markets and partnerships

Resilience

Increased business stability through adaptive capacity

TCFD's Four Core Elements

The framework is structured around four thematic areas that represent core elements of how organizations operate.

Governance

The organization's governance around climate-related risks and opportunities.

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Strategy

The actual and potential impacts of climate-related risks and opportunities on the organization's businesses, strategy, and financial planning.

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Risk Management

The processes used by the organization to identify, assess, and manage climate-related risks.

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Metrics & Targets

The metrics and targets used to assess and manage relevant climate-related risks and opportunities.

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Our TCFD Services

Holistic support for implementing TCFD recommendations in your organization

TCFD Readiness Assessment

Thorough evaluation of your current climate disclosure practices against TCFD recommendations.

Climate Scenario Analysis

Development of climate scenarios to assess business resilience and inform strategic planning.

Risk Assessment & Management

Identification and evaluation of climate-related risks and opportunities across operations.

Metrics & Targets Development

Creation of appropriate climate-related metrics and science-based targets.

TCFD Report Development

Comprehensive report preparation aligned with TCFD recommendations.

Integration with Financial Reporting

Support in incorporating climate considerations into financial disclosures.

Benefits of TCFD Reporting

Strategic advantages of implementing TCFD recommendations

Enhanced risk management capabilities

Improved strategic planning

Better capital allocation decisions

Increased investor confidence

Competitive advantage in a low-carbon economy

Regulatory readiness as disclosure mandates evolve

Ready to Strengthen Your Climate Resilience?

Let our specialists help you implement TCFD recommendations to better manage climate risks and capitalize on opportunities in a changing climate.