Integrum ESG’s Post

What is the TCFD and why is it important for climate-related financial disclosures? 📍The TCFD stands for the Task Force on Climate-related Financial Disclosures. 📍It is an initiative created by the Financial Stability Board (FSB) to improve and increase the reporting of climate-related financial information by companies and other organizations. 📍The TCFD has developed a framework of recommendations on the types of information that companies should disclose to support investors, lenders, and insurance underwriters in assessing and pricing the risks and opportunities related to climate change. 📍The framework covers four areas: governance, strategy, risk management, and metrics and targets. 📍 The TCFD also provides guidance and tools to help companies implement its recommendations and measure their progress. 📍The TCFD has gained widespread support and endorsement from various stakeholders, including governments, regulators, investors, corporations, and civil society groups. 📍As of February 2021, over 1,800 organizations, representing a market capitalization of over US$20 trillion, have expressed their support for the TCFD and its recommendations. Source: https://lnkd.in/gzRX2mmz #sustainabilityreporting #sustainability #reporting #renewableenergy #climate #governance #strategy #riskmanagement #energy

We are delighted to share with you our latest FREE MEMBER-ONLY Task Force for Climate Related Financial Disclosures Guide (TCFD). The TCFD already applies to large firms and comes into force for firms with less than £50bn AUM and more than £5bn on 30 June this year.   Working in conjunction with Alpha FMC, a specialist management consultancy for the Wealth and Asset Management industries, we have developed a TCFD guide to support Wealth Managers with publishing their TCFD reports for the first time this year or for those looking to improve their existing reporting for the future. The guide contains information on: 👉Reporting deadlines and firm requirements 👉What must be reported for entity-level and product-level reporting 👉Examples of publicly available reports that exceeded expectations for both entity and product-level reporting 👉Areas to consider for first-time report development 👉A checklist for success – steps firms can take to prepare for reporting Ensure you are up to date and read the guide now - https://pimfa.cc/Xknmq #esg #wealthmanagement #financialservices #sustainablefinance    

I urge all PIMFA - Personal Investment Management & Financial Advice Association member firms to read this

TCFD WATCH 📺: ARE YOU READY? The end of June saw the first major milestone for large asset managers’ mandatory TCFD-aligned reporting in the UK. Asset managers managing more than £50 billion should have published their first entity-level reports in line with the TCFD recommendations, based on calendar 2022 data. Product-level TCFD reporting is up next. Asset managers and asset owners with over £5 billion should now be compiling their data for 2023, ready to publish their first reports by June 2024. Learn more on the current TCFD requirements as FE fundinfo's Regulatory Manager, Mikkel Bates, provides an update on TCFD-aligned disclosures in the UK. Watch the recording now and stay up to date with the regulation: https://hubs.ly/Q0222zlM0 #TCFD #FEfundinfo #FundManagers #TCFD Reporting #ESG #Sustainable Finance #ESG Reporting

I'm happy to share the article I wrote about the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD is a robust framework that's been transforming how we do business. It's not just a set of guidelines; it's a compass guiding us towards a more secure, resilient and sustainable future. #TCFD #Sustainability #FinancialFuture

The Task Force on Climate-related Financial Disclosures (TCFD) has developed a framework of recommendations for assessing the risks, opportunities and financial impacts of climate change. The TCFD recommendations provide guidelines for organizations on preparing information for investors, lenders and insurers who allocate capital and underwrite risk. They also serve as a tool for the organization’s management to assess business resilience and build a solid strategic roadmap. Learn more about the TCFD recommendations: https://bit.ly/3LMy8gp #Sustainability #ClimateReporting #TCFD

Over 1,350 large companies showed increased alignment with climate-related financial disclosures in FY 2022, demonstrating greater overall adoption of the TCFD framework. Other highlights from the TCFD’s recently published final report include: 🔹 58% of companies aligned with at least 5 of 11 TCFD disclosures in FY2022, but only 4% disclosed in line with all 11 TCFD recommendations. 🔹 Sustainability and annual reports are 4X more likely to have TCFD-aligned information than financial filings. 🔹 Insufficient information from public companies is the top challenge for asset managers executing climate-related reporting. Read the FSB Task Force on Climate-related Financial Disclosures (TCFD) full 2023 Status Report to learn more: https://lnkd.in/eGjgA4hQ #TCFD #ClimateDisclosures #CorporateSustainability 

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.

The analysis of the strength and weaknesses from the market majority regarding TCFD disclosure ~

Dear Connections, I am happy to share my new certification on Understanding the recommendations of Task Force on Climate related Financial Disclosure (TCFD) from CDP  and FSB Task Force on Climate-related Financial Disclosures (TCFD) Task Force on Climate-related Financial Disclosures (TCFD). **Key Highlights** 📒 This Task force was found in 2015 to identify the information needed by investors, lenders and insurance companies to assess, quantify and price #climaterelated risks and opportunities. 💧 It includes #four core elements namely #governance💡, #strategy🗝, #riskmanagement🛡 and #metrics&targets🚧 under which there are #eleven recommended disclosures on climate-related disclosures – designed to be applicable to #organizations 🏬 across different sectors and jurisdictions🗽. 🌄 The proposals of the #tcfd are planned to assist ✒ associations to help in decision-making by #investors 💵, #lenders 💹 in allocating #capital and #riskassessment. Eventually, better #disclosures will lead to more educated decision-making which can enable steadier📈, flexible markets💰with less abrupt cost alterations, and encourage a smoother 🛣 move to a low-carbon economy 🏟. 📊#tcfd uses a special tool 🔧 called #scenarioanalysis - A strategic tool for companies to use to consider the potential #futureoutcomes in different #timehorizons 🕰like short, mid and long terms and to consider the potential #futurescenarios that are different from business as usual, and how these might affect their ability to enact their strategy. #tcfd #learningjourney #certification #knowledgesharing #achivement #disclosures