White Paper: Disclosing Climate-Related Financial Risks and Opportunities - Are Businesses Ready?
The recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) are an important step towards mainstreaming disclosure of climate-related risks and opportunities in financial filings, and enabling companies and investors to better manage the transition to a low-carbon, resilient future. Many businesses are grappling with the implications of the recommendations, particularly in terms of identifying relevant internal systems, metrics, and disclosure strategies. South Pole surveyed corporate clients on their drivers, preparedness and plans for TCFD disclosure. This white paper provides an indication of the current state of play among surveyed companies and insights into what this might mean for businesses at large.