The Task Force on Climate-related Financial Disclosures (TCFD) was established in 2015 by the Financial Stability Board (FSB) to develop recommendations for more effective climate-related disclosures. The aim is to provide consistent and reliable information that companies and investors can use to assess and manage climate-related risks and opportunities.
The TCFD recommendations focus on four key areas:
As of October 12, 2023, the TCFD has fulfilled its remit and disbanded. The FSB has asked the IFRS Foundation to take over the monitoring of the progress of companies’ climate-related disclosures. The knowledge hub resources are still available, however no new content has been added after 2023.
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