The Task Force on Climate-related Financial Disclosures

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The Task Force on Climate-related Financial Disclosures

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.

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Content from this campaign

MPs from 34 Countries Write to Stock Exchanges Asking Them to Make Firms Reveal Climate Change Risks
An international alliance of over 100 MPs from 34 different countries have written to the world’s stock exchanges calling on them to factor in the financial risks of climate change. Mark Carney said today that investors “currently don’t have the information to respond to these developments”. ...
Dec 27, 2016 2:55 PM ET
G20 Task Force Wants Companies to Come Clean on Climate Risk
A global task force set up to try to prevent market shocks from the warming of the planet will ask companies to disclose how they manage risks to their business from climate change and greenhouse gas emission cuts. Although the measures recommended by the Task Force on Climate-Related Financial Disclosures (TCFD) are voluntary, some of its members argue they should become mandatory....
Dec 26, 2016 5:50 PM ET
Companies Need to Disclose More on Climate Risks, Panel Says
Investors need more information about the risks companies face from global warming so they can fund development of the new technologies that are needed to control climate change and mitigate its effects, a task force said Wednesday. An international panel, chaired by former New York...
Dec 23, 2016 2:40 PM ET
TCFD's Long-Awaited Report Revealed
After a year of intensive work, the Task Force on Climate-related Financial Disclosures (TCFD) today laid out its eagerly-awaited recommendations designed to help standardise and mainstream considerations about the impacts of climate change on companies. The TCFD – which was assembled by Mark Carney as chairman of the Financial Stability Board, and chaired by Michael Bloomberg with the...
Dec 21, 2016 5:30 PM ET
Companies Must Disclose Climate-change Risk: Carney Panel
Corporations, especially those in the financial and energy sectors, should provide investors with clear and systematic disclosure of the risks that climate change poses to their future economic health, a task force reporting to Bank of England Governor Mark Carney recommended Wednesday. The group, headed by Bloomberg LP founder Michael Bloomberg, pointed to carbon-intensive, fossil-fuel...
Dec 21, 2016 2:45 AM ET