Task Force on Climate-Related Financial Disclosures

Global

Tool Type

Advice | Monitoring and reporting | Risk assessments

Risk Type

Climate change

Feed Ingredients

drawing of an algae cell

Algae

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Animal proteins (LAP/PAP)

link drawing of a fish skeleton

Aquaculture trimmings

line drawing of wheat sprigs

Cereals

line drawing of insect larvae

Insects

line drawing of a palm with an oil droplet

Palm oil

line drawing of dna and molecule structure

Single-cell proteins (SCP)

line drawing of soy pods

Soy

line drawing of a vitamin gel capsule

Vitamins & minerals

line drawing of a fish

Wild capture fisheries

What is it?

The Task Force on Climate-Related Financial Disclosures (TCFD) was created by the Financial Stability Board (FSB) to develop recommendations on the types of information that companies should disclose to support investors, lenders, and insurance underwriters in appropriately assessing and pricing a specific set of risks – those related to climate change.

The TCFD disclosure recommendations are structured around four thematic areas that represent core elements of how companies operate: 

  1. Governance
  2. Strategy
  3. Risk management
  4. Metrics and targets

The four recommendations are interrelated and supported by 11 recommended disclosures that build out the framework with information that should help investors and others understand how reporting organizations think about and assess climate-related risks and opportunities.

Important note

As of October 12, 2023, the TCFD has fulfilled its remit and disbanded. The IFRS Foundation to conduct the monitoring of the progress of companies’ climate-related disclosures.

Therefore, the TCFD website will no longer be updated or monitored but will remain available to serve as a resource for materials developed by the Task Force. Companies can continue to use the TCFD recommendations should they choose to do so. 

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