Task Force on Climate-related Financial Disclosures (TCFD)
Climate Impact & Sustainability Data (2017)
Reporting Period: 2017
Environmental Metrics
ESG Focus Areas
- Climate Change
Governance Achievements
- Developed recommendations for climate-related financial disclosures to improve transparency and inform investment decisions.
Climate Goals & Targets
Environmental Challenges
- Lack of standardized framework for disclosing climate-related financial risks.
- Inconsistencies in disclosure practices.
- Lack of information on financial implications of climate-related aspects of an organization's business.
- Difficulty in quantifying the financial effects of climate-related issues.
- Limited knowledge of climate-related issues within organizations.
- Data availability and quality challenges.
Mitigation Strategies
- Developed four widely adoptable recommendations on climate-related financial disclosures.
- Provided guidance to support organizations in developing climate-related financial disclosures.
- Developed supplemental guidance for specific sectors.
- Encouraged alignment of existing disclosure regimes.
- Recommended using scenario analysis to assess potential business implications of climate-related risks and opportunities.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of extreme weather events
- Longer-term shifts in climate patterns
Transition Risks
- Policy and legal risks
- Technology risks
- Market risks
- Reputation risks
Opportunities
- Resource efficiency
- Energy source
- Products and services
- Markets
- Resilience