Concurrent with the release of its 2023 status report on October 12, 2023, the TCFD has fulfilled its remit and disbanded. The TCFD website and LinkedIn account will remain available to serve as a resource for materials developed by the Task Force but will no longer be updated or monitored. The FSB has asked the IFRS Foundation's International Sustainability Standards Board (ISSB) to take over the monitoring of the progress of companies’ climate-related disclosures. Please visit the below link for more information.
About us
Financial markets need clear, comprehensive information on the impacts of climate change. This includes the risks and opportunities presented by rising temperatures, climate-related policy, and emerging technologies in our changing world. The Financial Stability Board created the Task Force on Climate-related Financial Disclosures (TCFD) to improve and increase reporting of climate-related financial information. The TCFD has developed a framework to help public companies and other organizations more effectively disclose climate-related risks and opportunities through their existing reporting processes. Our recommendations encourage clear reporting on how climate change financially impacts companies across four pillars: governance, strategy, risk management, and metrics and targets.
- Website
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http://www.fsb-tcfd.org
External link for FSB Task Force on Climate-related Financial Disclosures (TCFD)
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- New York
- Type
- Nonprofit
- Founded
- 2015
- Specialties
- climate change, finance, financial disclosure, and investing
Locations
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Primary
Get directions
New York, US
Employees at FSB Task Force on Climate-related Financial Disclosures (TCFD)
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Sylvain Vanston
MSCI Climate & Biodiversity Investment Research; TCFD and SBTi Member. Views are my own. 327ppm.
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Christian Puebla
Partner | Advisory | International Services | IA |
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Martin Skancke
Founder, Skancke Consulting
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Saire Catherine
Partner @ Deloitte France | CFA, Sustainability Services
Updates
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A key goal of the Task Force’s work has been to promote better disclosure by companies on the financial impact of climate-related risks and opportunities on their businesses, strategies, and financial planning. In the latest report: Over 4,0000 companies identified climate-related issues with potential substantive impact 68% of those provided estimates of the potential financial impact — either as single amounts or as ranges The most common type of financial impact estimated for climate-related risks was increased indirect operating costs For climate-related opportunities, it was increased revenues from increased demand To learn more, check out the latest 2023 status report.
2023 Status Report
assets.bbhub.io
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Last week, the TCFD released its sixth and final status report. Key findings include: Ninety-seven (97) of the 100 largest companies in the world have declared support for the TCFD, report in line with the TCFD recommendations, or both. Over 80% of the largest asset managers and 50% of the largest asset owners reported in line with at least one of the 11 recommended disclosures. Click here for additional highlights and findings.
TCFD 2023 Status Report
assets.bbhub.io
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Today, the TCFD published its sixth and final status report, which highlights steady momentum in companies disclosing TCFD-aligned information. On average for fiscal year 2022, companies reported in line with 5.3 of the Task Force’s 11 recommended disclosures, up from an average of 3.2 in 2020. While levels of disclosure are increasing, they still fall short of the 11 recommended disclosures. Click below to read more.
TCFD Publishes Final Report, Identifies Further Work Needed | Task Force on Climate-Related Financial Disclosures
fsb-tcfd.org