International Accounting Bulletin: TCFD recommendations for climate related disclosure released

Posted
19 December, 2016

The Task Force on Climate-related Financial Disclosures (TCFD) has published its first set of recommendation, which focuses on voluntary, decision-useful, climate-related disclosures required as part of mainstream financial filings.

These recommendations are expected to support organisations in identifying and disclosing the kind of information investors, lenders and insurance underwriters require in properly assessing and pricing the climate-related risks and opportunities.

Key areas of the recommendations are focused on four main themes namely governance, strategy, risk management and metrics and targets.

In governance the TCFD recommends that companies describe the board’s oversight of climate-related risks and opportunities as well as the management’s role in managing these risks and opportunities.

You can read the full article here.