Taskforce Climate-Related Disclosures

Question 1

what does TFCD stand for?

Answer 1

task force climate-related disclosures

Question 2

who created TFCD and why?

Answer 2

the FSB (financial stability board)

focus on improving transparency around around climate risks and opportunities

these disclosures help stakeholders understand the financial impact of climate change and make informed decisions

Question 3

key components of TCFD recommendations?

Answer 3

TCFD provides guidance to disclosure climate related information across 4 main areas:

• governance
• strategy
• risk management
• metrics and targets

Question 4

governance aspect of TFCD?

Answer 4

how climate issues are managed by the board and executives

Question 5

strategy aspect of TFCD?

Answer 5

the impact of climate risks & opportunities on the company’s business strategy & financial planning

Question 6

risk management aspect of TFCD?

Answer 6

how climate risks are identified and managed within the company’s overall risk approach

Question 7

metrics and targets aspect of TFCD?

Answer 7

data/figures on climate impacts such as greenhouse gas emissions