Task Force on Climate-Related Financial Disclosures (TCFD)
The Financial Stability Board (FSB) created the TCFD to develop recommendations on the types of information that companies should disclose to support investors, lenders, and insurance underwriters in appropriately assessing and pricing a specific set of risks – risks related to climate change. The TCFD offers a set of climate-related financial disclosure recommendations, structured around four thematic areas that represent core elements of how companies operate: governance, strategy, risk management, and metrics and targets. The recommendations are supported by specific disclosures organisations should include in financial filings or other reports to provide decision-useful information to investors and others.
It is important to note that the TCFD framework has been mandatory to report through for certain organisations in the United Kingdom since 6 April 2022. Please see the TCFD section of this guide for more information on the TCFD regime in the UK.
Key facts |
|
Year | 2015 |
Region | International |
Scope of Information | Climate |
Industry Agnostic or Specific | Industry Agnostic + Industry specific supplements |
Target Audience | Banks, Insurers, Investors, Other financial institutions |
Approach to Materiality | Enterprise value creation |
Time Horizon | Short-, Medium-, and Long-term |
Key Outputs | Exposure data from climate stress test to be disclosed and managed |
Standards and frameworks
In this section of the guide
Explore all sections of the guide
Reporting template and tools
ESG reporting template ESG life cycle tool SFDR tools TCFD tools Timelines
Mapping of voluntary frameworks and standards
Definitions and distinctions Who is who Scope of information
Deep dive for VCs and investors
ESG reporting from a VC perspective ESG reporting from an investor perspective
