The Task Force on Climate-related Financial Disclosures is the world’s premier framework for reporting climate risks and opportunities. It’s won the support of more than 3,400 organizations in over 95 jurisdictions and is being used by a number of regulatory authorities as the foundation for mandatory climate disclosure requirements.
The 11 TCFD recommendations, organized across four ‘pillars’ — governance, strategy, risk management, and metrics and targets — offer organizations a blueprint for producing meaningful disclosures that give investors and other stakeholders decision-useful information on their climate readiness. However, because the TCFD is a principles-based framework it does not prescribe exactly how companies should implement the recommendations. As a result, organizations’ TCFD-aligned disclosures vary in quality, quantity, and detail.
In this Manifest Climate white paper series, we explore what ‘good’ TCFD disclosures look like and how organizations can produce them. We also look into the barriers that organizations may face implementing the TCFD implementations and potential solutions to overcome these.
