Task Force on Climate-related Financial Disclosures
Financial markets reporting - Financial Stability Board (FSB).
(TCFD).
The FSB's Task Force on Climate-related Financial Disclosures (TCFD) is established to develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders.
The TCFD considers the physical, liability and transition risks associated with climate change and what constitutes effective financial disclosures across industries.
The work and recommendations of the Task Force are designed to help organisations understand what financial markets want from disclosure in order to measure and respond to climate change risks, and encourage organisations to align their disclosures with investors’ needs.
The TCFD published Recommendations and Detailed Guidelines (the 'Recommendations') in June 2017.
