The TCFD’s voluntary disclosure recommendations drive more effective public reporting on the risks, opportunities, and financial implications of climate change.
The TCFD has fulfilled its remit and disbanded. This account will remain available as a resource but will not be updated or monitored.
The @IFRSFoundation will take over monitoring of the progress of companies’ climate-related disclosures. Please visit https://t.co/mUUgj6PenC
Under the newly adopted “Ordinance on Climate Disclosures,” Swiss public companies, banks and insurance companies will be required to provide reporting based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). https://t.co/Vro7VXtxH8
The TCFD has become ‘the most powerful tool,’ for bankers to drive climate action across their client base, because it enables them to ‘talk a language that the board can really understand,’ declared senior banker Tara Schmidt today. https://t.co/fQRnjkBL8m
"It’s not a particularly surprising result that the number of companies reporting their exposure to climate risks in line with the TCFD recommendations has increased significantly from 2015 to 2022." https://t.co/B1NPMmdDQT
The Biden-Harris Administration proposed a rule to require major Federal contractors to publicly disclose climate-related financial risks. The rule leverages widely-adopted third party standards and systems, including TCFD recommendations. https://t.co/VqZitmWOFY
92 of the 100 largest public companies either support the TCFD, report in line with #TCFDRecs, or both – up from 83 last year. Learn more: https://t.co/VXSfXqCZsr
The average number of TCFD recommended disclosures addressed per company has grown by an average of 32% annually since 2017 — increasing from 1.4 to 4.2 over the past five years. Learn more: https://t.co/M4Bo8kJmJV
"We ... encourage all participants to pursue a more constructive cooperation towards a practical, flexible and interoperable global baseline that can also be incorporated in more ambitious disclosure requirements" Via @USTreasury https://t.co/Z8AQmWpCJc
"While the average number of recommended disclosures addressed per company has steadily increased each year – from 1.4 in 2017 to 4.2 in 2021 – there are only about 4 per cent of companies under review disclosing all 11 recommendations." https://t.co/m7qxJDKM7T
This year’s Status Report shows there are nearly 4,000 TCFD supporters globally, with 1,300+ pledging their support in the last year alone. These supporters span 101 countries and have a combined market capitalization of >$26 trillion. https://t.co/0upfTUMKH1
"Regulators view comprehensive and rigorous disclosures as key to helping economies meet net zero targets, while stamping out 'greenwashing' and preventing companies from playing down the impact of climate change on their bottom line." https://t.co/NAYZBeAqSc
NEW: Our 2022 Status Report highlights significant adoption and support of our recommendations. In 2021, 80% of companies disclosed in line with at least 1 of our 11 #TCFDRecs. Learn more: https://t.co/0aVVrCPTEa
Gain insight into the TCFD’s recommendation on disclosing climate-related metrics and targets. Discover our latest Workshop in a Box presentation here: https://t.co/d4EYcvq8as
In our latest Workshop in a Box, we describe the Risk Management recommendation and considerations for companies in disclosing the processes by which they identify, assess, and manage their climate-related risks. Learn more: https://t.co/JO0eak9efO
Explore our latest Workshop in a Box. This presentation covers the Strategy recommendation for companies in disclosing the actual and potential impacts of climate-related risks and opportunities on their businesses. Learn more: https://t.co/laLreinXpD
Discover the TCFD Workshops in a Box series. In this presentation, we discuss the Governance recommendation and considerations for companies in disclosing their governance around climate-related risks and opportunities. Learn more: https://t.co/79SuJBXz7Q