What do the Task force on Climate-related Financial Disclosure Recommendations mean for your organization? Posted January 24, 2018 by Jordan Chamberlain The Task force on Climate-Related Financial Disclosures (TCFD; Task Force) was formed by the Financial Stability Board (FSB) in 2015 in response to: the potential threat that climate change posed to the global financial system; and a lack of transparent, consistent and high-quality financial information related to the potential risks and opportunities of climate change. In June 2017, the TCFD published a set of recommendations focused on four core operational elements – governance, strategy, risk management and metrics, and targets. These recommendations are designed to be implemented across all sectors to varying degrees. Following the release of the recommendations, 390 investors representing over USD $22 trillion in assets requested that the G20 nations support the recommendations. What does this all mean to you? There are several key factors to consider around the TCFD recommendations: You may already be aligning with some of the recommended disclosures through other reporting frameworks. See Read More
