The building blocks

Connecting CDP data with the CDSB Framework to successfully fulfil the TCFD Recommendations

Reporting on climate-related risks and opportunities in line with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations in the mainstream report should not be seen as novel or daunting. After all, over 8000 companies, including the majority of the world’s largest, disclosed to CDP through its climate change questionnaire in 2019. While the information provided in a CDP response covers much of the same ground as the TCFD recommendations, it is essential for these material climate-related financial disclosures to be included in the mainstream report to meet the expectations and recommendations of the TCFD. The CDSB Framework provides the best means for doing this. 

This paper highlights the most relevant CDP climate change questions and explains how this information can be best used for reporting in the mainstream report using CDSB’s reporting principles and requirements, clearly setting out for companies the how and what of making effective climate-related financial disclosure. The paper further offers an illustrative list of TCFD-relevant questions from CDP’s forests and water security questionnaires. 

Download the guidance paper.  

Structure of the paper:  

  • Purpose and background for disclosing climate-related financial information  
  • The four TCFD recommendations and the most relevant CDP climate change questions and corresponding CDSB reporting principles and requirements 
  • Important considerations in preparing your TCFD disclosures for the mainstream report