Task Force on Climate-related Financial Disclosures

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Products Disclosure recommendations for governance, strategy, risk management, metrics and targets. Annual Status reports
Key People Michael R. Bloomberg, TCFD Chair

Graeme Pitkethly, Vice Chair

Yeo Lian Sim, Vice Chair

Denise Pavarina, Vice Chair

Twitter @FSB_TCFD
Web site https://www.fsb-tcfd.org/
Releases Organization News

The Task Force on Climate-related Financial Disclosures (TCFD) is a financial-sector led task force charged with improving and increasing reporting of climate-related financial information. [1]


History[edit]

The Task Force on Climate-related Financial Disclosures was established in April 2015, when the Financial Stability Board was asked by the G20 finance ministers and central bank governors to convene public- and private-sector participants to review how the financial sector can take account of climate-related issues. In this review, the FSB identified the need for better information to improve understanding of climate-related risks and inform investment, lending, and insurance underwriting decisions. As a result, the FSB established an industry-led task force — the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD released its final recommendations for voluntary climate-related financial disclosures that would be useful for understanding material risks in June 2017. These provide a framework for companies and other organizations to develop more effective climate-related financial disclosures through their existing reporting processes. In September 2022, the TCFD released its fifth annual status report. [2]

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