New business guide launched on Task Force on Climate-related Financial Disclosures
edie has launched an updated Explains guide answering important questions for businesses looking to align their reporting with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).
What are the TCFD recommendations? Why does climate disclosure matter? How do you access the financial impacts of climate change? And, what is scenario analysis? This free edie Explains guide gives you everything you need to know.
The Financial Stability Board’s (FSB) Taskforce on Climate-related Financial Disclosures (TCFD) is a market-driven initiative that provides a suite of recommendations for voluntary and consistent climate-related financial risk disclosures in mainstream company filings.
However, the Taskforce and the TCFD movement are still in their infancies and as such corporate adoption of the recommendations is still relatively low. This 10-page guide outlines all the key questions and considerations that businesses need to improve climate-related data disclosure in line with the TCFD recommendations.
With the TCFD recommendations now backed by more than 500 companies globally and the G7 confirming that climate-related disclosure will be mandatory at some point in the future, now is the perfect time for businesses to examine their own practices in alignment with the recommendations.
The guide has been produced with assistance from supporting partner Inspired plc and features an expert viewpoint from the company’s Director of ESG Advisory Adam Baker.
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