The TCFD recommendations strongly encourage financial reporting on climate risks against a common framework, to allow investors to make informed and impartial decisions on a comparable basis. Our family of TCFD advisory services includes high-level briefings to key decision makers to understand the new strategic landscape in climate disclosure, its implications through the business hierarchy and the opportunities for competitive advantage. We help you leverage the agenda to seize opportunities in the transition to a low-carbon economy.
In particular, disclosure is recommenced on the governance of climate risks across the business, including board oversight, financial planning and management practices. Our gap analysis and reporting team help identify areas for improvement and draft disclosure responses.
Senior Director, Corporate Sustainability Advisory
Talk to us about getting started on your Climate Journey.
The recommendations provided by the Financial Stability Board's (FSB) Task Force on Climate-related Financial Disclosures (TCFD) is one of the most significant milestones on the journey towards integrating climate risks in financial decision-making.
The TCFD's final report explicitly states that large corporates, investors and banks should disclose their climate risk and opportunities, develop scenarios to understand climate impacts on their business and quantify the costs and upside on their bottom lines.