TCFD

The TCFD, or Task Force on Climate-related Financial Disclosures, is an organization established by the Financial Stability Board (FSB) to develop a set of recommendations for voluntary climate-related financial disclosures. These recommendations are intended to help companies provide consistent and transparent information to investors, lenders, insurers, and other stakeholders about the financial risks and opportunities posed by climate change. The TCFD’s recommendations are structured around four key areas: 1. **Governance:** The organization’s governance around climate-related risks and opportunities. 2. **Strategy:** The actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning. 3. **Risk Management:** The processes used by the organization to identify, assess, and manage climate-related risks. 4. **Metrics and Targets:** The metrics and targets used to assess and manage relevant climate-related risks and opportunities. These disclosures aim to enhance the understanding and management of climate-related risks and opportunities, ultimately contributing to the stability of the financial system and promoting sustainable development.