327-8 Guidance on Climate-related Financial Disclosures 2.0 TCFD Guidance 2.0

Summary

The TCFD recommendations are deemed to be a useful set of tools for dialogue between companies and investors and other stakeholders. The utility of the recommendations lies in their scope as an international framework commissioned by the G20, and there is a current movement to integrate them into global frameworks for corporate evaluation and national and regional systems.

Thumbnail image for The TCFD recommendations are deemed to be a useful set of tools for dialogue between companies and investors and other stakeholders. The utility of the recommendations lies in their scope as an international framework commissioned by the G20, and there is a current movement to integrate them into global frameworks for corporate evaluation and national and regional systems.

Issuer

Task Force on Climate-Related and Financial Disclosures (TCFD)

Year

2020

Region

International

Policy Type

Disclosure

Geographical scope

International

Mandatory or voluntary

Voluntary

Global Reporting Initiative (GRI)

Other

Main industries targeted

Finance & Insurance
Manufacturing
Agriculture, Forestry, Fishing & Hunting
Mining, Quarrying, Oil & Gas Extraction

Restrictiveness

High

Sustainable Development Goals (SDGs)

SDG 2: Zero Hunger
SDG 7: Affordable and Clean Energy
SDG 8: Decent Work and Economic Growth
SDG 9: Industry, Innovation, and Infrastructure
SDG 11: Sustainable Cities and Communities
SDG 13: Climate Action
SDG 17: Partnerships for the Goals