Task Force on Climate-related Financial Disclosures (TCFD)

Recent Climate change presents financial risks to the global economy. Financial markets need clear, comprehensive, high-quality information on the impacts of climate change.

This includes the risks and opportunities presented by rising temperatures, climate-related policy, and emerging technologies in our changing world.

Therefore, the Task Force on Climate-related Financial Disclosures (TCFD) is likely to become well known in coming years. What began as a voluntary set of recommendations has become part of the regulatory framework in many jurisdictions.

This is part of the growing efforts to address global climate change thoroughly. The pressure on businesses to act on the TCFD’s recommendations will only increase with time.

Our Services

TCFD Reporting

Our expert team can assist you to develop a TCFD Report based on the TCFD Reporting Recommendations that are structured around four different areas.

Governance: Disclose the organization’s governance around climate-related risks and opportunities.

Strategy: Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.

Risk Management: Disclose how the organization identifies, assesses, and manages climate-related risks.

Metrics and Targets: Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities.

Scenario Analysis

Our team will assist you on how to develop and apply scenario analysis, select scenarios and integrate scenario analysis in strategic planning/ risk management.

Action Planning

Dcarbon team will help you set targets, metrics, and KPIs and develop an action plan for TCFD.

Benefits of Reporting in accordance with the TCFD Recommendations

Easier or better access to capital by increasing the confidence of investors and lenders that the bank’s climate-related risks are appropriately assessed and managed
More effectively meeting existing disclosure requirements to report material information in financial filings
Increased awareness and understanding of climate-related risks and opportunities within the company resulting in better risk management and more informed strategic planning

INTERNAL BENEFITS FOR FINANCIAL INSTITUTIONS

Understand how climate change risks affect your organisation’s strategy, and performance
Identify, assess, and manage climate-related risks of your lending/investment portfolio
Improve your organisation’s E&S risk management system
Identify E&S opportunities to finance new sustainable and green projects

EXTERNAL BENEFITS FOR FINANCIAL INSTITUTIONS

Easier or better access to capital by increasing the confidence of investors and lenders that the bank’s climate-related risks are appropriately assessed and managed
Meeting disclosure requirements to report material information in financial filings
Meet compliance requirements of CBE, FRA, investors, and international financial institutions
Promote climate-resilient development in line with national efforts towards a green economy, the Paris Climate Agreement, and the UN SDGs

Contact us

FILL FORM AND OUR TEAM WILL CONTACT YOU