Implementing the recommendations of the Task Force on Climate-related Financial Disclosures

Back in 2018, the industry-led Task Force on Climate-related Financial Disclosures (TCFD or Task Force) developed a framework with four widely adoptable recommendations on climate-related financial disclosures applicable to organizations across sectors and industries, as described in the Task Force’s report.

This annex to the report provides important information to guide private industries and organizations in the implementation of the recommendations listed in the Task Force’s report :

• directions on the application of the recommendations
• information on assessing financial impacts of climate-related risks and opportunities (collectively referred to as climate-related issues)
• recommendations and supporting recommended disclosures that describe information investors, lenders, and insurance underwriters need to make economic decisions
• guidance that provides context and suggestions for implementing the recommendations
• supplemental guidance that highlights important considerations for the financial sector and non-financial industries potentially most affected by climate change
• alignment of the recommended disclosures with other frameworks