edie launches new business guide on TCFD recommendations
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 partners Inspired Energy plc and features an expert viewpoint from the company's director of client management (ESG) Rosemary De Vos on why now is the time to get ahead on disclosure.
“While transparency on the risks is what is being sought here, investors are becoming increasingly aware of companies who are working on TCFD compliance today and those who are not,” De Vos said in the viewpoint. “This alone should be a signal for CSR, ESG and sustainability professionals across the private sector to recognise the need to deliver on TCFD disclosure in their own companies before April 2022 arrives.”
Click here to download the guide.
45-minute masterclass: TCFD implementation for your business
With the TCFD rapidly rising up the corporate agenda, edie is hosting a masterclass-style webinar session that will provide key information, insights and inspiration when it comes to effectively implementing the TCFD recommendations within your organisation.
The 45-minute session, hosted in association with Inspired Energy, is taking place on Wednesday 23 June at 1pm BST. It is free to attend.
For a full agenda and to register, click here.