Task Force on Climate-Related Financial Disclosures (TCFD)

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How Oren Sustainability Hub helps?

Pre-Configured TCFD Template

Utilise our TCFD-aligned framework template to streamline climate disclosure and ensure efficient reporting

Automated Data Mapping

Automatically map climate-related data to the relevant TCFD recommendations and disclosures for accuracy and efficiency

Adopt Industry Best Practices

Enhance your TCFD report quality by benchmarking against peers to identify disclosure gaps and align with climate best practices

Investor-Grade TCFD Reports

Generate high-quality, credible TCFD reports that clearly communicate your climate strategy with investors and stakeholders

Enhancing Transparency and Climate Resilience

Our TCFD reporting services help businesses disclose climate-related risks and opportunities in a transparent, consistent, and credible manner. We enable companies to build resilience, attract investors, and enhance their sustainability profile.

Global Standard Compliance: Align your climate disclosures with TCFD guidelines for consistent and reliable reporting.

Informed Decision-Making: Leverage climate-related data to make strategic decisions that drive long-term value and risk mitigation.

How TCFD Reporting Really Works

We guide you through the entire TCFD reporting process, from risk assessment to the development of clear and actionable disclosures that meet regulatory requirements and stakeholder expectations.

Climate Risk Assessment: Identify and evaluate climate-related risks and opportunities across your operations and supply chain.

Clear Reporting: Develop structured, TCFD-compliant reports that effectively communicate your climate strategy and performance.

Go Beyond Reporting.
Start Driving Real Impact.

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FAQs

What is TCFD?

The Task Force on Climate-related Financial Disclosures (TCFD) is an organization established in 2015 by the Financial Stability Board (FSB) to develop recommendations for more effective climate-related disclosures. Its goal is to promote informed investment, credit, and insurance underwriting decisions by enhancing transparency on climate-related risks and opportunities.

What are the TCFD recommendations?

The TCFD recommendations provide a framework for companies to disclose climate-related financial information. They are structured around four thematic areas:

Governance: Disclose the organization's governance around climate-related risks and opportunities.

Strategy: Disclose the actual and potential impacts of climate-related risks and opportunities on the organization's businesses, strategy, and financial planning.

Risk Management: Disclose how the organization identifies, assesses, and manages climate-related risks.

Metrics and Targets: Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities.

Who should implement the TCFD recommendations?

The TCFD recommendations are applicable to organizations across sectors and jurisdictions. They are particularly relevant for companies with public debt or equity, as well as asset managers and owners. While adoption is voluntary, many organizations choose to implement the recommendations to enhance transparency and meet investor expectations.

Are TCFD disclosures mandatory?

Disclosure under the TCFD recommendations is currently voluntary. However, some countries are moving towards mandating such disclosures. For example, the UK government has announced plans to make TCFD-aligned disclosures mandatory for certain companies by 2025.

What are the benefits of implementing TCFD recommendations?

Implementing the TCFD recommendations can provide several benefits, including:

‍Enhanced Transparency: Improved disclosure of climate-related risks and opportunities.

Better Risk Management: Structured assessment and management of climate-related risks.

Informed Decision-Making: Provision of decision-useful information to investors and stakeholders.

Reputation Enhancement: Demonstration of commitment to sustainability and responsible business practices.

How can a organisation start implementing TCFD recommendations?

Organizations can begin by reviewing the TCFD recommendations and assessing their current disclosure practices against them. Engaging with stakeholders, conducting scenario analysis, and integrating climate-related considerations into governance and risk management processes are key steps. Utilizing resources such as the TCFD Knowledge Hub can provide additional guidance.

Does TCFD provide guidance on scenario analysis?

Yes, the TCFD emphasizes the importance of scenario analysis in assessing the potential impacts of climate-related risks and opportunities. It provides guidance to help organizations consider different climate-related scenarios, including a 2°C or lower scenario, to understand the resilience of their strategies under various potential future states.

Are there sector specific guidelines within the TCFD recommendations?

Yes, the TCFD has developed supplemental guidance for specific sectors, particularly those with significant exposure to climate-related risks and opportunities. These sectors include energy, transportation, materials and buildings, and agriculture, food, and forest products. The supplemental guidance offers additional context and suggestions tailored to these industries.