The Task Force on Climate-related Financial Disclosures (TCFD) was created by the Financial Stability Board to improve reporting of climate-related financial information.

The aim is to provide financial markets with clear, high-quality insight into the impacts of climate change and to embed climate risks as a central element in decision-making.  transparency not only helps investors make informed decisions but also pushes businesses to take meaningful action on climate risk assessment and management. 

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TCFD Compliance

What Companies are TCFD Reporting Required for in the UK?

Disclosure of the financial impact of climate-related risks and opportunities is now mandatory for

  • UK companies currently required to produce a non-financial information statement
  • UK AIM companies with more than 500 employees
  • UK companies which are not included in the categories above and have more than 500 employees and a turnover of more than £500m
  • LLPs which have more than 500 employees and a turnover of more than £500m.

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What are the Benefits of TCFD Analytics?

TCFD is used to identify energy and carbon reduction and renewable efficiencies available within the portfolio, which is included in the bottom-up approach in scenario modelling. 

How Can TCFD Consulting help?

Our team of TCFD consulting experts will provide you with a comprehensive introduction to climate risk analysis, develop your TCFD strategy, risk assessment and resilience in line with the 4 TCFD pillar recommendations (Governance, Strategy, Risk management and Metrics & targets) and map out the solutions you need to turn your TCFD reporting into a competitive advantage.

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OUR BLOG

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Navigating ISO 32212: How New Bank Standards Impact UK Businesses

The publication of ISO 32212 marks a significant shift in how financial institutions assess climate risk, transition planning, and capital allocation. While aimed at banks, insurers, and investors, the standard will have far-reaching implications for UK businesses seeking finance. As lenders adopt more rigorous net-zero assessment frameworks, companies will face growing pressure to provide credible transition plans, robust emissions data, and clear decarbonisation strategies to maintain access to competitive funding, insurance, and investment opportunities.

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N-ESRS Consultation Open: Revising CSRD Scope for UK Multinationals

The evolving N-ESRS framework is reshaping sustainability reporting requirements for UK multinationals still captured by the revised CSRD scope. With higher turnover thresholds, an impact-focused reporting model, and implementation approaching from 2028, businesses must assess applicability now and establish robust data systems to ensure future compliance and regulatory readiness.

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Transitioning EMS to ISO 14001:2026

ISO 14001:2026 introduces evolutionary EMS updates emphasising climate, biodiversity and resources, stronger supplier control, structured change management, expanded leadership accountability and audit objectives, with transition deadline April 2029 mid compliance

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