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.
#IAASB #PCAOB #AICPA #IESBA #IOSCO What portions of this data (overseen by the ISSB) should be considered “material” in a Limited Assurance audit and therefor should be conveyed publicly and then reviewed? At what point does choosing to omit this data and not having it reviewed in a limited assurance audit cause the reports to become “materially misstated”? Will the new #IAASB Sustainability standards cover this? Is it possible to push for more Limited Assurance progress under the existing ISAE 3000 Revised?
Important marker on path toward global convergence. Incredible groundwork delivered by TCFD--informing what will be the new normal for financial disclosure.
FSB Task Force on Climate-related Financial Disclosures (TCFD) Team - thank you for your groundbreaking work and being a lighthouse to other developments
“further simplification of the so-called ‘alphabet soup’ of disclosure initiatives for companies and investors" big thank you
Congratulations FSB Task Force on Climate-related Financial Disclosures (TCFD) for all the pioneering work done since 2015. And congratulations for the decision to disbandle, it is so rare to see organisations hand-over their mandate rather than maintaining multiple layers of institutions !
Was truly an honor to be part of this effort! Gamechanging!
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Bittersweet - but it is time to pass the torch!