The Task Force released its final Recommendations report and supplemental materials on Thursday, June 29, 2017.
The Task Force previously released its draft Recommendations Report in December 2016. The draft report was made available for a 60-day public consultation period. The public consultation period closed on February 12, 2017. A summary of the public consultation findings is available here.
The final Recommendations report of the TCFD received support from over 100 businesses spanning numerous industries globally, which collectively signed our statement of support. The statement and full list of companies can be found here.
The Task Force on Climate-related Financial Disclosures (TCFD) will develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders.
The Task Force will consider the physical, liability and transition risks associated with climate change and what constitutes effective financial disclosures across industries.
The work and recommendations of the Task Force will help firms understand what financial markets want from disclosure in order to measure and respond to climate change risks, and encourage firms to align their disclosures with investors’ needs.