edie launches new business guide on Taskforce on Climate-related Financial Disclosures
edie has launched a new Explains guide outlining the key considerations and 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 which 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 are 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.
The guide has been produced with assistance from supporting partners Inspired Energy and features an expert viewpoint from the company's policy director Georgina Penfold on the need for clear and consistent climate disclosure.
“The recommendations set out by the TCFD help play a key part in opening the way to better business,” Penfold said. “Disclosure of climate risks not only ensures we understand which parts of an organisation are exposed to the impacts of climate change but, importantly, provides a framework under which we can clearly articulate both those risks and our responses.”
Click here to download the guide.
Sustainable Investment Digital Conference
Taking place on 7-8 September 2020, edie’s Sustainable Investment Digital Conference unites corporates, asset managers and asset owners for frank discussion around disclosure priorities, roadblocks and innovations. Featuring green finance experts from the likes of ING, BlackRock and BNP Paribas, the event will explore how corporates and financiers can move beyond ESG in a post-pandemic world.
For more information and to register, click here.