What is the TCFD?
The Financial Stability Board (FSB) established the Task Force on Climate-Related Financial Disclosures (TCFD) in 2015 to provide uniform climate-related financial risk disclosures for corporations, banks, and investors to use when communicating with stakeholders.
What is the difference between TCFD and GRI?
The Task Force on Climate-related Financial Disclosures aims to see information about the financial impacts of climate change disclosed in mainstream reports or other publicly available materials. It is distinct from other frameworks in that it can be used to structure an organization’s risk management systems. The GRI Standards framework, on the other hand, is meant to help companies know what kind of ESG information they should disclose.
What are the four pillars of TCFD?
TCFD four pillars are: governance, strategy, risk management, and measurements and goals.
