We provide the Task Force with our experience in reporting climate change in annual reports to support its mission to accelerate global investments in technological innovation and clean energy by increasing transparency.
With 10 years of experience in driving the integration of climate change and environmental information in mainstream corporate reports, we support the mission of the Task Force to increase transparency and accelerate global investments in technological innovation.
The Task Force on Climate-related Financial Disclosures (TCFD) is an industry-led initiative created to develop a set of recommendations for voluntary climate-related financial risk disclosures. These are aimed at all financial actors, from companies and investors to asset owners and managers, as the goal is to provide consistent and transparent information to global markets.
The CDSB Climate Change Reporting Framework - and its expansion Environmental information and Natural Capital Framework - was developed by representatives from all aspects of the market for companies to report non-financial information to investors in the annual report (or any mainstream corporate report).
We will be supporting the work of the Task Force by aligning our training and guidance material to the recommendations and continuing to drive the mainstreaming of corporate climate reporting.
We believe that the authority of the Task Force consolidates climate change reporting practice that has developed since the turn of the century. It lends authority to that work and complements it with a crucial emphasis on forward-looking information and integration with existing risk and governance practices. We look forward to a future where financial and climate stability are held in perfect balance.
The Task Force released the Phase II report on 14 December. We have submitted our response to the consultation, which is available here.
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