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.
TCFD Compliance
Who needs to comply?
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.
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 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.
Premium Credit – Enhancing Climate-Relevant Disclosures
Our Carbon & Environment specialists delivered a high-impact solution for Premium Credit that directly addressed key business needs by providing robust carbon footprinting, a bespoke climate-related risk assessments and strategic stakeholder workshops.
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