TCFD report final report – managing climate risk

The Task Force on Climate-related Financial Disclosure has today issued its much heralded final report the purpose of which is to establish a framework for company reporting that will enable investors to better assess and manage climate risk.

The Financial Stability Board, chaired by Governor of the Bank of England Mark Carney set up the TCFD (Task Force on Climate-related Financial Disclosure) during COP21 – the Paris climate talks.

The TCFD is chaired by former Mayor of New York Michael Bloomberg and has taken views from a wide range of international organisations.

The following text is lifted from the TCFD FAQ area:

What are the recommendations?

The recommendations describe information that companies should disclose to help investors, lenders, and insurance underwriters better understand how companies’ oversee and manage climate-related risks and opportunities as well as the material risks and opportunities to which companies are exposed.

The recommendations focus on four key areas that are relevant in virtually all types of companies: governance, strategy, risk management, and metrics and targets.

These areas also reflect the types of information investors and other market participants expressed that they need to make better, more informed decisions.

For further information see the following links:

See TCFD Recommendations here.

Access TCFD Publications here.

And of course you can find funds that understand climate related risks and opportunities via the SRI Styles options, Policy and Features filters on the staging.fundecomarket.co.uk home page.