TCFD (Task Force on Climate-related Financial Disclosures)

The Task Force on Climate-related Financial Disclosures (TCFD) is an industry-led initiative that provides recommendations for voluntary, consistent climate-related financial risk disclosures. The TCFD recommendations are structured around four thematic areas: governance, strategy, risk management, and metrics and targets. These recommendations have been widely adopted and have formed the basis for many regulatory disclosure requirements in jurisdictions. The TCFD has now evolved into the International Sustainability Standards Board (ISSB), which builds upon the TCFD recommendations to develop a comprehensive global baseline of sustainability-related disclosure standards.