Task Force on Climate-related Financial Disclosures (TCFD)

The Task Force on Climate-related Financial Disclosures (TCFD) is an initiative created to help companies understand and disclose the financial risks and opportunities related to climate change. By providing a framework for reporting environmental impacts, the TCFD aims to improve transparency in how businesses prepare for climate-related challenges. This enables investors, regulators, and other stakeholders to assess the resilience of companies in a changing climate, promoting accountability and informed decision-making in financial markets. Essentially, TCFD encourages organizations to consider climate risks as part of their financial planning and reporting.