The Task Force on Climate-related Financial Disclosures was set up to improve the quality of climate-related financial information available to financial markets. Markets need to assess the risks and opportunities presented by global warming, regulatory changes and technological innovations. Clear and easily comparable data is essential to this assessment.
The TCFD helps investors, banks and corporates improve the information they disclose on risks and opportunities related to climate change. The TCFD seeks to streamline disclosure by creating a framework that can be applied through organisations’ current reporting processes.
Financial organisations must integrate data concerning risk and opportunities related to climate change into their corporate governance processes - from the board level down. In turn, these strategic planning and risk management policies determine where to place investments in opportunities, solutions and ways of doing business that reduce emissions and mitigate warming.
More details on TCFD reporting can be found below.
We help clients disclose climate risk and opportunities, developing scenarios to understand climate impacts on their business and bottom lines. Following the TCFD’s recommendations, we assist clients in the following areas:
Disclosing governance around climate-related risks and opportunities. These are top-down administrative policies for climate-related risks and opportunities, and how these are addressed at board and management levels.
Disclosing impacts of climate-related risks and opportunities on organisation’s business, strategy and financial planning. Here we look at the resilience of organisational strategy to manage climate-related scenarios.
Strategic planning risk management
disclosing how a client would identify, assess, manage climate-related risks, and integrate these into broader risk management strategy. This includes physical and transition risks, resource efficiency, energy, and markets.
Metrics and targets
Disclose metrics and targets to evaluate and handle relevant climate-related risks and opportunities. We can assist with mapping scope 1, 2 and 3 GHG emissions and set targets to manage risks and opportunities.
Our TCFD reporting service includes:
To better understand the new strategic landscape in climate disclosure, its implications through the business hierarchy and the opportunities for competitive advantage - we're here to help. Please fill out your details below and we will be in touch to confirm a meeting.