Task Force On Climate-Related Financial Disclosures (TCFD) Reporting
The TCFD Recommendations, published by the Task Force on Climate-related Financial Disclosures (TCFD), are a framework for institutions to report on how they manage their climate change related risks and opportunities.
The recommendations set out in the Taskforce on Climate-Related Financial Disclosures (TCFD), established by the Financial Stability Board of G20 countries, guide institutions in reporting on climate related issues within their mainstream financial reports.
The TCFD Recommendations suggest companies report under four main headings: Governance, Strategy, Risk Management, Metrics and Targets. Through TCFD reports, companies are expected to convey information to their stakeholders on issues such as the top management's ownership of climate risks (Governance), the reflection of this on corporate strategies (Strategy), management of climate risks to be in harmony with other practices of the institution and the traceability of risks (Risk Management).
Escarus provides reporting consultancy services to the companies which plan to report to the TCFD for the first time, guiding them within the scope of their existing activities, targets and strategies. Thanks to its expertise on climate change, Escarus provides support to companies which routinely report to the TCDF in shaping their strategies for climate risks and opportunities, managing unpredictable climate change risks and opportunities and examining and improving their carbon inventory.