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.
TCFD
Who needs to comply?
From April 2022, TCFD is mandatory in the UK for those falling in one of the following categories:
- 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.
How does TCFD move you closer to Net Zero?
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 we can help
Our team of experts will develop your strategy, risk analysis and resilience in line with the 4 TCFD recommendations (governance, strategy, risk management and metrics & targets) and map out the solutions you need to turn your reporting into a competitive advantage.
