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Date: 2020-07-07 Page is: DBtxt001.php L0500-TCFD
METRICS - REPORTING INITIATIVES
TCFD
Task Force on Climate Related Financial Disclosures

Key Takeaways of the 2018 Status Report of the
Task Force on Climate-related Financial Disclosures
  • The majority disclose some climate-related information. The majority of companies reviewed disclosed information aligned with at least one recommended disclosure, usually in sustainability reports.
  • Financial implications are often not disclosed. While many companies disclose climate related information, few disclose the financial impact of climate change on the company.
  • Information on strategy resilience under different climate-related scenarios is limited. Few companies describe the resilience of their strategies under different climate-related scenarios, including a 2°C or lower scenario, which is a key area of focus for the Task Force.
  • Disclosures vary across industries and regions. Companies’ areas of focus in terms of climate-related financial disclosures vary significantly. For example, a higher percentage of non-financial companies reported information on their climate-related metrics and targets compared to financial companies; but a higher percentage of financial companies indicated their enterprise risk management processes included climate-related risks. In terms of regional differences, a higher percentage of companies in Europe disclosed information aligned with the recommendations compared to companies in other regions.
  • Disclosures are often made in multiple reports. Companies often provided information aligned with the TCFD recommendations in multiple reports—financial filings, annual reports, and sustainability reports.
Paper
'http://truevaluemetrics.org/DBpdfs/Reporting/TCFD-Status-Report-2018-P180918.pdf
Open PDF ... TCFD-Status-Report-2018-P180918
Abbreviations
  • 2°C—2° Celsius
  • 3°C—3° Celsius
  • 4°C—4° Celsius
  • AI—Artificial Intelligence
  • AIGCC—Asia Investor Group on Climate Change
  • ANZ—Australia New Zealand Bank
  • CDSB—Climate Disclosure Standards Board
  • CEO—Chief Executive Officer
  • CFO—Chief Financial Officer
  • CO2—Carbon Dioxide
  • CO2e—Carbon Dioxide Equivalent
  • CRD—Corporate Reporting Dialogue
  • CSR—Corporate Social Responsibility
  • EBRD—European Bank for Reconstruction and Development
  • ESG—Environmental, Social, and Governance
  • FAIRR—Farm Animal Investment Risk and Return
  • FSA—Financial Services Agency (Japan)
  • Financial Initiative
  • G20—Group of 20
  • GHG—Greenhouse Gas
  • GRI—Global Reporting Initiative
  • ICMM—International Council on Mining and Metals
  • IEA—International Energy Agency
  • IGCC—Investor Group on Climate Change
  • IIF—Institute for International Finance
  • IIGCC—Institutional Investors Group for Climate Change
  • IIRC—International Integrated Reporting Council
  • IPCC—Intergovernmental Panel on Climate Change
  • kg—Kilogram
  • METI—Ministry of Economy, Trade, and Industry (Japan)
  • MOE—Ministry of the Environment (Japan)
  • OECD—Organization for Economic Co-operation and Development
  • PRI—Principles for Responsible Investment
  • TCFD—Task Force on Climate-related Financial Disclosures
  • R&D—Research and Development
  • SASB—Sustainability Accounting Standards Board
  • UN SDGs—United Nations Sustainable Development Goals
  • UNEP FI—United Nations Environment Programme
  • WBCSD—World Business Council for Sustainable Development
  • WEF—World Economic Forum
TCFD Implementation Guide ...
Using SASB Standards and the CDSB Framework to Enhance Climate-Related Financial Disclosures in Mainstream Reporting
This paper is the first in a series of practical, TCFD-focused resources CDSB and SASB intend to develop and make available in the coming months and years, as climate-related tools and reporting practices continue to mature.
By offering how-to guidance, this publication aims to help companies enhance the robustness, consistency, comparability, and utility of TCFD implementation and reporting through SASB and CDSB’s market-tested frameworks, standards and resources.
Regardless of whether an organization has a sophisticated approach to managing climate risks and opportunities or is just getting started, it can use this guidance to move forward in supporting improved decision-making, enhanced market resilience, and more sustainable economic growth.

TCFD-implementation-guide-2019-sasb-cdsb Open PDF ... TCFD-implementation-guide-2019-sasb-cdsb



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