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Climate-related financial disclosures (TCFD)

Increasing transparency makes markets more efficient, and economies more stable and resilient.

Michael R. Bloomberg, Chairman of the Task Force
on Climate-related Financial Disclosures

flooded-city

A business that understands climate change risks and opportunities will succeed in the low carbon economy. Climate change reporting and disclosure is the best way to do this because it aligns businesses to emerging market trends, embeds sustainability within a corporate culture and enhances access to capital.

Many organisations have already begun to report their climate change risks and opportunities, following the recommendations from the G20 Financial Stability Board’s Task Force for Climate-related Financial Disclosures (TCFD). This approach is new and it can be hard to know where to begin, but we developed a simple way to support your through each step of the process.

How the Carbon Trust helps

 

Workshops

Gap analysis

Disclosure debrief

Scenario analysis

Climate change strategy

 

Explain climate-related financial disclosures within the context of a company.

 

 

Identify potential improvements and recommend a practical progression roadmap.

 

 

Screen key potential impact drivers as well as support early stage disclosure.

 

 

Deep dive analysis of impacts leading to building business cases for change.

 

 

Translate outputs of disclosure into initiatives that drive competitive advantage.

 

Download the Carbon Trust & ICAEW in depth guide

Reporting on climate risks and opportunities: A practical guide to the recommendations of the Task Force on Climate-related Financial Disclosures

Personalised reporting

In addition, we can guide you through the entire climate-related reporting process. We do this through the following steps:

  1. Review your sustainability reporting in the light of current and future needs and objectives.

  2. Conduct a 'data fitness check' to define a clear set of requirements regarding reporting scope and data quality/completeness.

  3. Build a bespoke model to align and integrate the data sets on carbon emissions, economic activity and climate scenarios.

  4. Translate the complexity of climate risks and opportunities into a credible compelling and accessible narrative for your stakeholders.

This process can be supplemented by workshops, in-depth analysis and support in developing disclosure-ready sustainability reports.  

Further information on TCFD


Meeting investor expectations on Climate-related Financial Disclosures - Webinar

In this webinar we explore the topic of how to best understand climate change risk and opportunity, looking at how to maximise the business opportunity from compliance with the TCFD recommendations. Alongside Carbon Trust experts, we will be joined by Jaime Gornsztejn from Hermes EOS, an institution that provides stewardship advice on assets worth more than £336 billion for some of the world’s leading pension funds, who will give a perspective on investor expectations for reporting and how information will be used.

Click here to view the webinar (requires login/free registration)

ICAEW Webinar

For more information on background to the TCFD recommendations, a recording is available of a webinar hosted by the Institute for Chartered Accountants in England & Wales with Russel Picot, Special Advisor to the Task Force and the former Group Chief Accounting Officer at HSBC.

This can be accessed here: icaew.com/tcfdwebinar

Overview of Climate-related financial disclosures

Download our overview document which details what climate-related risks and opportunities businesses face, what should a company disclose, and how the Carbon Trust can help your business.

Get in touch

Contact us for more information on climate-related reporting for your organisation.

 

Contact us

Related articles

In this guest blog, David Cooke, Company and Financial Lawyer at the non-profit environmental law organisation, ClientEarth, explores the legal implications of the recommendations from the G20 Financial Stability Board's Task Force for Climate-related Financial Disclosures.

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