fsb-tcfd.org

The Task Force on Climate-Related Financial Disclosures (TCFD) was established by the Financial Stability Board to enhance market transparency regarding climate-related financial risks. By developing a framework with recommendations for corporate disclosures, TCFD aimed to guide companies in providing clear and relevant information that enables investors, lenders, and underwriting professionals to accurately assess these risks. The TCFD established four thematic areas: governance, strategy, risk management, and metrics and targets, to enhance understanding of climate-related opportunities and challenges.

As of October 2023, the TCFD has fulfilled its mandate and disbanded, transitioning its oversight responsibilities to the IFRS Foundation. Though the TCFD website will no longer be updated, it will continue to serve as a valuable resource for its published materials and frameworks. With support from over 4,000 organizations, TCFD has made significant strides in promoting the integration of climate-related disclosures within companies' strategic planning processes, fostering a deeper understanding of financial implications in transitioning to a lower-carbon economy.