Task Force on Climate-Related Financial Disclosures

TCFD is a reporting framework detailing how organisations understand the impact of climate change on their business, and guides investors and stakeholders on which organisations they will support.

Who qualifies?

All large UK companies with over 500 employees and £500m in turnover.

Why it matters

1

Reporting areas

Contact

07850 118851

Encourages transparency from companies on the impact of climate change on their business.

2 Examines these risks and impacts in a financial stability context.

3 Details how organisations are responding and adapting to climate change.

4 Transparency of information is critical to the reputational standing of organisations.

5 Disclosures influence the ability of companies to secure long-term investment.

Governance

How does your leadership team have oversight of the impacts of climate-related risks?

Strategy Near, medium long-term impacts must be disclosed and how they affect the business.

Risk management

Processes to identify, assess and manage -related risks.

Metrics and targets

Disclosures include

Scope 1, 2 and 3 GHG emissions, and transition to meet net zero.

Benefits

Increased transparency for investors on how organisations are responding positively to climate risk.

Full disclosure of physical and transitional (financial and reputational) risks underpins an ESG strategy

Creates a risk management framework which provides assurance to insurers.

Supports an achievable net zero transition plan.

Embeds sustainability into the corporate culture.