This booklet explains the potential financial ramifications of climate change, and the need for climate-related financial disclosure. It describes the main features of The Task Force on Climate-related Financial Disclosures (TCFD), along with the trend in demand for climate-related financial disclosure, which has increased since TCFD released its 2017 recommendations. It also describes the four key areas within these recommendations, and the supporting disclosures.
The document explains which organisations should be utilising the recommendations, and where to find guidance on implementing the recommendations. This includes finding sector-specific supplemental guidance. It summarises main considerations when implementing the recommendations, along with the benefits of implementation.
The report finishes by listing key resources for finding the TCFD Recommendations, and important TCFD supporters. A brief overview of the TCFD 2019 Status Report and examples of public sector developments are included. The report concludes by stating progress has been made in reporting, but not to the extent necessary.