TCFD
About Course
The Task Force on Climate-Related Financial Disclosures (TCFD) is a voluntary, industry-led initiative established to develop a set of recommendations for disclosing climate-related financial risks and opportunities. The TCFD was created in December 2015 by the Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system.
The primary goal of TCFD is to encourage companies to provide more consistent and comprehensive information to investors, lenders, insurers, and other stakeholders about the financial implications of climate change on their business. The TCFD framework focuses on four core elements:
- Governance: Describing the organization’s governance structure as it relates to climate-related risks and opportunities.
- Strategy: Disclosing the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.
- Risk Management: Describing the processes used by the organization to identify, assess, and manage climate-related risks.
- Metrics and Targets: Providing information on the metrics and targets used to assess and manage relevant climate-related risks and opportunities.
By implementing the TCFD recommendations, companies aim to enhance their transparency and enable investors to make more informed decisions regarding climate-related risks in their investment portfolios. Additionally, TCFD-aligned disclosures can contribute to a better understanding of how companies are positioning themselves in the transition to a low-carbon economy.
The TCFD recommendations are supported by a broad range of stakeholders, including financial institutions, companies, and governments. Many financial regulators and organizations around the world have expressed support for TCFD, and some are considering or have already adopted policies requiring or encouraging companies to disclose in line with TCFD recommendations.
Course Content
Module 1 – Introduction
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Introduction
01:45 -
Benefits of TCFD Framework
02:30 -
Understanding the Objectives of TCFD
02:58 -
Challenges & Implementation of TCFD
01:48
Module 2 – Framework, step-by-step guide
Module 3 – Principles, Evaluating Climate Scenarios
Module 4 – Themes, Case study, Key takeaways
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