TCFD releases its recommendations for disclosing climate-related risks

Over 100 business leaders and their companies with a combined market cap of around $3.5 trillion and financial institutions responsible for assets of about $25 trillion have publicly committed to support the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) released on June 29th, 2017.

The Task Force, established by the Financial Stability Board (FSB) in late 2015, has developed a voluntary framework for companies to disclose climate-related information in their financial filings. The recommendations are structured around four thematic areas that represent core elements of how companies operate: governance, strategy, risk management, and metrics and targets.

Read the full TFCD press release.