We are glad to invite you to experience our new TCFD Reporting Practice Hub.
There, you can find a database of best cases and examples of TCFD disclosures from different countries and sectors. The TCFD Reporting Practice Hub will help you to provide more effective climate-related disclosures that could promote more informed investment, credit, and insurance underwriting decisions and, in turn, enable stakeholders to understand better the financial system’s exposures to climate-related risks.
It should be remembered that in 2017, the Financial Stability Board (FSB) established the TCFD in order to encourage firms to recognize the risks of climate change and report on their preparedness which, in turn, can help bring increased stability to financial markets. Climate risk is a relatively new concept and clearly the stakes are high for different industries, especially financial services, to understand and mitigate climate risks. Whereas reporting mechanisms like Global Reporting Initiative (GRI) cover sustainability and carbon reductions more broadly, the TCFD recommendations provide a targeted focus on climate risk.
We hope you will find the new Hub timely and useful; we are working hard to make sure that Report Adviser contains all valuable information to assist you with your reporting needs!
If you have any suggestions on how we can make our tools to serve you even better, please send your feedback to email@example.com.
Stay tuned and ready for better reporting!
Report Adviser’s Team