TCFD
Task Force on Climate-related Financial Disclosures
TCFD provides recommendations for organizations to disclose climate-related financial risks and opportunities. Established by the Financial Stability Board in 2015, TCFD has become the global standard for climate risk reporting.
The 4 TCFD Pillars
Governance
Board and management oversight of climate risks
Strategy
Risks, opportunities, and scenario analysis
Risk Management
Processes for identifying and managing climate risks
Metrics & Targets
Emissions data, targets, and performance
Mandatory Jurisdictions
TCFD-aligned reporting is now mandatory in:
- United Kingdom (premium listed companies)
- Japan (prime market listed companies)
- New Zealand (financial institutions)
- Singapore (large listed companies)
- EU (through CSRD/ESRS alignment)