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Task Force on Climate-Related Financial Disclosures | TCFD)

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ease-in-out; position: relative; } .nav-main__item__link__label::after { background: #0d9ddb; bottom: -12px; content: ""; left: 0; min-height: 4px; position: absolute; transform: scaleX(0); transform-origin: 0; transition: transform 220ms ease-in-out; width: 100%; } .nav-main__item__link__label:hover::after, .nav-main__item__link__label:focus::after { transform: scaleX(1); } .nav-main__item__social-media-container { position:absolute; top:38px; right: calc((100vw - 1216px) / 2); } .nav-main__item__link__social-media { position: relative; display: inline-block; vertical-align: middle; width: 0; height: 0; padding: 24px 0 0 24px; overflow: hidden; background: center/contain no-repeat; cursor: pointer; } .nav-main__item__link__social-media[data-label~="LinkedIn"] { background-image: url("data:image/svg+xml,%3Csvg width='24' height='24' xmlns='http://www.w3.org/2000/svg' fill='%23505050'%3E%3Cpath d='M6.149 10.07h2.578v8.458H6.148V10.07zM7.453 6C6.579 6 6 6.632 6 7.46c0 .81.555 1.459 1.422 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.nav-main__toggle-label { display: none; } } @media (min-width: 1024px ) { .site-header { padding: 0 calc((100vw - 964px) / 2); height: 100px; } .site-header-container { flex-direction: row; align-items: center; } .nav-main__item__social-media-container { right: calc((100vw - 964px) / 2); } .nav-main__menu { margin-left: 42px; justify-content: flex-start; } .nav-main__item { padding-right: 35px; } } @media (min-width: 1280px ) { .site-header { padding: 0 calc((100vw - 1216px) / 2); } .nav-main__item__social-media-container { right: calc((100vw - 1216px) / 2); } .nav-main__item { padding-right: 45px; } } @media (max-width: 767px) { .site-header-container { padding: 0 3.36134%; } .nav-main__toggle-checkbox{ visibility: hidden; position: absolute; left: -100px; top: 0; z-index: -1; } .nav-main__toggle-label { display: block; position: absolute; z-index: 20; right: 3.36134%; height: 0; width: 0; overflow: hidden; cursor: pointer; padding: 24px 0 0 24px; background: 50%/24px no-repeat 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class='nav-main__item__link__label'><span class='nav-main__item__title'>Knowledge Hub</span></span></a></li> </ul></div></li> </ul></nav> </div> <!-- End site header --> </header> <main id="main_content"> <article class="post-18 page type-page status-publish hentry"> <div class='bbg-row bbg-bg--dark-blue bbg-text--white bbg-row--margin-top-compact bbg-row--margin-bottom-compact' data-anchor='row-67f74cc12d562'> <div class="bbg-row--content" > <div class='bbg-column bbg-column--width-8_12'> <div class='bb-wysiwyg'> <div style="padding: 15px 0"> <h3 style="color: #ffffff">IMPORTANT MESSAGE &#8211; PLEASE READ</h3> <p>Concurrent with the release of its 2023 status report on October 12, 2023, the TCFD has fulfilled its remit and disbanded. The FSB has asked the <b><a style="color: #fff;text-decoration: underline" href="https://www.ifrs.org/sustainability/tcfd/" target="_blank" rel="noopener noreferrer">IFRS Foundation</a></b> to take over the monitoring of the progress of companies’ climate-related disclosures.</p> <p>As of November 2023, this website will no longer be updated or monitored but will remain available to serve as a resource for materials developed by the Task Force. The Task Force is deeply grateful to all parties involved for their input, support, and adoption of the TCFD recommendations.</p> </div> </div> </div> </div> </div> <div class='bbg-row hp-title bbg-bg--transparent bbg-text--white bbg-row--margin-bottom-none' data-anchor='row-67f74cc12db76'> <div class="bbg-row--content" > <div style="background-color:rgba(0,0,0,0.01);color:#ffffff;" class='bbg-column bbg-column--width-8_12 bbg-column--halign-center bbg-column--offset-2_12 bbg-column--has-bg-color'> <div class='bb-wysiwyg'> <h1 style="text-align: center">Task Force on Climate-related Financial Disclosures</h1> </div> </div> </div> </div> <div class='bbg-row bbg-bg--transparent ' data-anchor='row-67f74cc12e037'> <div class="bbg-row--content" > <div style="background-color:#ffffff;color:#000;" class='bbg-column bbg-column--width-10_12 bbg-column--offset-1_12 bbg-column--has-bg-color intro'> <div class='bb-wysiwyg'> <h2>Climate change presents financial risk to the global economy.</h2> <p>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.</p> <p>The Financial Stability Board (FSB) created the Task Force on Climate-related Financial Disclosures (TCFD) in 2015 to improve and increase reporting of climate-related financial information. Following the release of the Task Force’s 2023 Status Report, upon request of the FSB, the TCFD has been disbanded.</p> <p><a class="arrow" href="https://www.fsb-tcfd.org/about/">Discover our story</a></p> </div> </div> </div> </div> <div class='bbg-row asset-owners-survey bbg-bg--grey bbg-h-hide-mobile bbg-h-hide-tablet bbg-h-hide-desktop' data-anchor='row-67f74cc12e5a5'> <div class="bbg-row--content" > <div class='bbg-column bbg-column--width-8_12 bbg-column--valign-middle bbg-column--offset-2_12'> <div class='bb-wysiwyg'> <h3>TCFD survey for asset managers and asset owners</h3> </div> <div class='bb-wysiwyg'> <p>The Task Force is conducting <a href="https://www.113.vovici.net/se/13B2588B0639192D" target="_blank" rel="noopener noreferrer">a survey of asset managers and asset owners</a> on their climate-related financial reporting practices and will publish aggregated results in its 2023 status report.</p> <p>This information should help asset managers and asset owners implement the TCFD recommendations and help a wide range of stakeholders understand the current state of asset manager and asset owner TCFD-aligned reporting.</p> </div> <div class='bb-wysiwyg'> <p>Preview the surveys for <a href="https://assets.bbhub.io/company/sites/60/2023/02/2023-Survey-for-Asset-Managers.pdf" target="_blank" rel="noopener noreferrer">Asset Managers</a> | <a href="https://assets.bbhub.io/company/sites/60/2023/02/2023-Survey-for-Asset-Owners_General.pdf" target="_blank" rel="noopener noreferrer">Asset Owners: General</a> | <a href="https://assets.bbhub.io/company/sites/60/2023/02/2023-Survey-for-Asset-Owners_Insurance-Companies.pdf" target="_blank" rel="noopener noreferrer">Asset Owners: Insurance Companies</a></p> </div> </div> </div> </div> <div class='bbg-row bbg-bg--white ' data-anchor='row-67f74cc12ee5e'> <div class="bbg-row--content" > <div class='bbg-column bbg-column--width-6_12 bbg-column--halign-center bbg-column--offset-3_12'> <div class='bb-wysiwyg'> <h3 style="text-align: center">Benefits of better disclosure</h3> </div> </div> </div> </div> <div class='bbg-row bbg-bg--white ' data-anchor='row-67f74cc12f30d'> <div class="bbg-row--content" > <div class='bbg-column bbg-column--width-4_12'> <div class="separator" id="separator-67f74cc12f644"> <hr /> </div> <style type="text/css">#separator-67f74cc12f644 hr { background-color: #0d9ddb }#separator-67f74cc12f644 hr { border: 0 }#separator-67f74cc12f644 hr { height: 8px }#separator-67f74cc12f644 hr { width: 54px; }</style><div class='bb-wysiwyg'> <h4 style="text-align: center">Risk assessment</h4> <p style="text-align: center">More effectively evaluate climate-related risks to your company, its suppliers, and competitors.</p> </div> </div> <div class='bbg-column bbg-column--width-4_12'> <div class="separator" id="separator-67f74cc12f9fc"> <hr /> </div> <style type="text/css">#separator-67f74cc12f9fc hr { background-color: #0d9ddb }#separator-67f74cc12f9fc hr { border: 0 }#separator-67f74cc12f9fc hr { height: 8px }#separator-67f74cc12f9fc hr { width: 54px; }</style><div class='bb-wysiwyg'> <h4 style="text-align: center">Capital allocation</h4> <p style="text-align: center">Make better-informed decisions on where and when to allocate your capital.</p> </div> </div> <div class='bbg-column bbg-column--width-4_12'> <div class="separator" id="separator-67f74cc12fd5b"> <hr /> </div> <style type="text/css">#separator-67f74cc12fd5b hr { background-color: #0d9ddb }#separator-67f74cc12fd5b hr { border: 0 }#separator-67f74cc12fd5b hr { height: 8px }#separator-67f74cc12fd5b hr { width: 54px; }</style><div class='bb-wysiwyg'> <h4 style="text-align: center">Strategic planning</h4> <p style="text-align: center">Better evaluate risks and exposures over the short, medium, and long term.</p> </div> </div> </div> </div> <div class='bbg-row bbg-bg--white bbg-row--margin-top-compact' data-anchor='row-67f74cc130156'> <div class="bbg-row--content" > <div class='bbg-column bbg-column--width-8_12 bbg-column--offset-2_12'> <p><style>#bloomberg-video-67f74cc13d33c .bloomberg-video__wrapper { background-image: url(https://assets.bbhub.io/image/v1/resize?width=auto&type=webp&url=https://assets.bbhub.io/company/sites/60/2020/10/tcfdvideothumbnail.png); }@media (min-width: 150px) { #bloomberg-video-67f74cc13d33c .bloomberg-video__wrapper { background-image: url(https://assets.bbhub.io/image/v1/resize?width=auto&type=webp&url=https://assets.bbhub.io/company/sites/60/2020/10/tcfdvideothumbnail.png); } }@media (min-width: 300px) { #bloomberg-video-67f74cc13d33c .bloomberg-video__wrapper { background-image: url(https://assets.bbhub.io/image/v1/resize?width=auto&type=webp&url=https://assets.bbhub.io/company/sites/60/2020/10/tcfdvideothumbnail.png); } }@media (min-width: 768px) { #bloomberg-video-67f74cc13d33c .bloomberg-video__wrapper { background-image: url(https://assets.bbhub.io/image/v1/resize?width=auto&type=webp&url=https://assets.bbhub.io/company/sites/60/2020/10/tcfdvideothumbnail.png); } }</style><div class='bloomberg-video' data-aspect-ratio='16:9' data-service='vimeo-video' id='bloomberg-video-67f74cc13d33c'><div class='bloomberg-video__wrapper bloomberg-video__wrapper--core'> <a class="bloomberg-video__link" href="https://vimeo.com/473093899" target="_blank" rel="noopener" title="" data-video-id="473093899" data-orientation="Horizontal" data-video-loop="0" data-video-title="2020 TCFD Status Report - Message from Mike Bloomberg" aria-label="Play Video" ></a> </div></div><div class='bb-wysiwyg'> <p><span class="caption">A message from TCFD Chair Michael R. Bloomberg on the importance of climate-related financial disclosure.</span></p> </div> </div> </div> </div> <div class='bbg-row faq bbg-bg--white row-jump-link-section' data-jump-link-label='FAQs' data-anchor='row-67f74cc13ed98' id='faqs'> <div class="bbg-row--content" > <div class='bbg-column'> <div class='bb-wysiwyg'> <h3 style="text-align: center">Frequently asked questions</h3> </div> </div> </div> </div> <div class='bbg-row faq bbg-bg--white ' data-anchor='row-67f74cc13f512'> <div class="bbg-row--content" > <div class='bbg-column'> <section class="bbg-accordion"> <button id="bbg-accordion--38976731321981789851_header" data-description="bbg-accordion--38976731321981789851" data-label="accordion-open" bbg-accordion-toggle="bbg-accordion--38976731321981789851">What type of organizations can support the TCFD recommendations?</button> <div id="bbg-accordion--38976731321981789851" role="region" aria-labelledby="bbg-accordion--38976731321981789851_header" bbg-accordion> <div class="bbg-accordion-content"> <div> <p>Organizations with public debt or equity and asset managers and owners ─ the preparers and users of financial disclosures ─ are particularly encouraged to support and implement the recommendations. Other supporters can range from industry associations, to central banks, governments, regulators and others.</p> </div> <img src="" class='bbg-accordion-content-image bbg-accordion-content-hide'/> </div> </div> </section> <section class="bbg-accordion"> <button id="bbg-accordion--13877669615312136151_header" data-description="bbg-accordion--13877669615312136151" data-label="accordion-open" bbg-accordion-toggle="bbg-accordion--13877669615312136151">What does it mean to be a TCFD supporter?</button> <div id="bbg-accordion--13877669615312136151" role="region" aria-labelledby="bbg-accordion--13877669615312136151_header" bbg-accordion> <div class="bbg-accordion-content"> <div> <p>Support indicates that your organization believes the TCFD recommendations provide a useful framework to increase transparency on climate-related risks and opportunities within financial markets. Because many different types of organizations support the TCFD, there are not specific requirements for each type of supporter ─ however supporting organizations are expected to encourage TCFD implementation. For companies, support is a commitment to work toward their own implementation of the TCFD recommendations. Credit rating agencies, stock exchanges, government agencies, and other types of organizations have different but equally important roles to play.</p> </div> <img src="" class='bbg-accordion-content-image bbg-accordion-content-hide'/> </div> </div> </section> <section class="bbg-accordion"> <button id="bbg-accordion--36513191581692742117_header" data-description="bbg-accordion--36513191581692742117" data-label="accordion-open" bbg-accordion-toggle="bbg-accordion--36513191581692742117">What are the benefits of supporting the TCFD recommendations?</button> <div id="bbg-accordion--36513191581692742117" role="region" aria-labelledby="bbg-accordion--36513191581692742117_header" bbg-accordion> <div class="bbg-accordion-content"> <div> <p>The TCFD recommendations are voluntary in nature and have been devised by the private sector ─ &#8220;by the market, for the market.&#8221; Therefore, we rely on industry support to drive adoption and implementation of the recommendations. Publicly declaring support is a natural next step for companies that are already looking into climate-related disclosure. Public support provides companies with the opportunity to communicate with investors, clients, and employees alike about how they are thinking of and tackling the implications of climate change.</p> </div> <img src="" class='bbg-accordion-content-image bbg-accordion-content-hide'/> </div> </div> </section> <section class="bbg-accordion"> <button id="bbg-accordion--16411758315611943919_header" data-description="bbg-accordion--16411758315611943919" data-label="accordion-open" bbg-accordion-toggle="bbg-accordion--16411758315611943919">How can my organization become a TCFD supporter?</button> <div id="bbg-accordion--16411758315611943919" role="region" aria-labelledby="bbg-accordion--16411758315611943919_header" bbg-accordion> <div class="bbg-accordion-content"> <div> <p>Expressing support is as simple as completing the &lt;a href=&#8221;https://www.fsb-tcfd.org/become-a-supporter/&#8221;&gt;TCFD support form&lt;/a&gt; with the proper approvals from your organization. There is no cost to become a supporter.</p> </div> <img src="" class='bbg-accordion-content-image bbg-accordion-content-hide'/> </div> </div> </section> <section class="bbg-accordion"> <button id="bbg-accordion--41886111681941616834_header" data-description="bbg-accordion--41886111681941616834" data-label="accordion-open" bbg-accordion-toggle="bbg-accordion--41886111681941616834">Where can I find tools to help implement the recommendations?</button> <div id="bbg-accordion--41886111681941616834" role="region" aria-labelledby="bbg-accordion--41886111681941616834_header" bbg-accordion> <div class="bbg-accordion-content"> <div> <p>In May 2018, the TCFD launched the TCFD Knowledge Hub in collaboration with the Climate Disclosure Standards Board (CDSB). Available at tcfdhub.org, the TCFD Knowledge Hub is an online platform housing relevant insights, tools, and resources to help organizations implement the TCFD recommendations. The portal houses over 400 resources covering governance, strategy, risk management and metrics &amp;amp; targets. Contributors range from nonprofit organizations to intergovernmental institutions, academics, industry associations, consultants, and corporates. Additional resources are added on a continuous basis.</p> </div> <img src="" class='bbg-accordion-content-image bbg-accordion-content-hide'/> </div> </div> </section> <section class="bbg-accordion"> <button id="bbg-accordion--69766197894915362854_header" data-description="bbg-accordion--69766197894915362854" data-label="accordion-open" bbg-accordion-toggle="bbg-accordion--69766197894915362854">What are the next steps after my company has expressed its support?</button> <div id="bbg-accordion--69766197894915362854" role="region" aria-labelledby="bbg-accordion--69766197894915362854_header" bbg-accordion> <div class="bbg-accordion-content"> <div> <p>As an immediate step, your company name will be added to the growing list of supporters on the TCFD website. In the longer term, the TCFD seeks to continue engaging with supporting companies that are working on implementing the recommendations.</p> </div> <img src="" class='bbg-accordion-content-image bbg-accordion-content-hide'/> </div> </div> </section> <section class="bbg-accordion"> <button id="bbg-accordion--69269135619129184999_header" data-description="bbg-accordion--69269135619129184999" data-label="accordion-open" bbg-accordion-toggle="bbg-accordion--69269135619129184999">How can my organization implement the TCFD recommendations?</button> <div id="bbg-accordion--69269135619129184999" role="region" aria-labelledby="bbg-accordion--69269135619129184999_header" bbg-accordion> <div class="bbg-accordion-content"> <div> <p>The 2017 &lt;a href=&#8221;https://assets.bbhub.io/company/sites/60/2021/10/FINAL-2017-TCFD-Report.pdf&#8221; target=&#8221;_blank&#8221; rel=&#8221;noopener noreferrer&#8221;&gt;TCFD recommendations report&lt;/a&gt; and the 2021 &lt;a href=&#8221;https://assets.bbhub.io/company/sites/60/2021/07/2021-TCFD-Implementing_Guidance.pdf&#8221; target=&#8221;_blank&#8221; rel=&#8221;noopener noreferrer&#8221;&gt;TCFD Annex&lt;/a&gt; provide helpful introductions to the TCFD recommendations. For more information on implementation, you can also refer to the hundreds of resources and learning courses available on the TCFD Knowledge Hub.</p> </div> <img src="" class='bbg-accordion-content-image bbg-accordion-content-hide'/> </div> </div> </section> </div> </div> </div> <div class='bbg-row bbg-bg--grey ' data-anchor='row-67f74cc140474'> <div class="bbg-row--content" > <div class='bbg-column bbg-column--width-8_12 bbg-column--offset-2_12'> <div class='bb-wysiwyg'> <h3 style="text-align: center">TCFD recommendations</h3> </div> <div class='bb-wysiwyg'> <p style="text-align: center">The TCFD has developed a framework to help public companies and other organizations more effectively disclose climate-related risks and opportunities through their existing reporting processes.</p> <p style="text-align: center"><a class="arrow" href="https://www.fsb-tcfd.org/recommendations/">Learn more</a></p> </div> </div> </div> </div> <div class='bbg-row custom-card bbg-bg--grey ' data-anchor='row-67f74cc140df0'> <div class="bbg-row--content" > <div style="background-color:#0d9ddb;color:#ffffff;" class='bbg-column bbg-column--width-3_12 bbg-column--valign-stretch bbg-column--has-bg-color'> <div class='bb-wysiwyg'> <p><strong>Governance</strong></p> <p class="small-para">Disclose the organization’s governance around climate-related risks and opportunities.</p> </div> </div> <div style="background-color:#073674;color:#ffffff;" class='bbg-column bbg-column--width-3_12 bbg-column--has-bg-color'> <div class='bb-wysiwyg'> <p><strong>Strategy</strong></p> <p class="small-para">Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material.</p> </div> </div> <div style="background-color:#373737;color:#ffffff;" class='bbg-column bbg-column--width-3_12 bbg-column--valign-stretch bbg-column--has-bg-color'> <div class='bb-wysiwyg'> <p><strong>Risk Management</strong></p> <p class="small-para">Disclose how the organization identifies, assesses, and manages climate-related risks.</p> </div> </div> <div style="background-color:#787878;color:#ffffff;" class='bbg-column bbg-column--width-3_12 bbg-column--valign-stretch bbg-column--has-bg-color'> <div class='bb-wysiwyg'> <p><strong>Metrics &amp; Targets</strong></p> <p class="small-para">Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.</p> </div> </div> </div> </div> <div class='bbg-row bbg-bg--dark-blue bbg-bg--has-media bbg-text--white' data-anchor='row-67f74cc1422f0'> <style> div[data-anchor=row-67f74cc1422f0] { background-image: url(https://assets.bbhub.io/company/sites/60/2020/09/Group-5.png); } @media screen and ( min-width: 768px ) and ( max-width: 1023px ) { div[data-anchor=row-67f74cc1422f0] { } } @media screen and ( max-width: 767px ) { div[data-anchor=row-67f74cc1422f0] { } } </style> <div class="bbg-row--content" > <div class='bbg-column bbg-column--width-6_12 bbg-column--valign-middle bbg-column--offset-1_12 bbg-column--has-bg-color white'> <div class='bb-wysiwyg'> <h3 style="color: white">Read the TCFD recommendations on climate-related financial disclosure.</h3> <p><a class="dark-bg download-inline" href="https://assets.bbhub.io/company/sites/60/2021/10/FINAL-2017-TCFD-Report.pdf" target="_blank" rel="noopener noreferrer">Download the report</a></p> </div> </div> <div class='bbg-column bbg-column--width-3_12 bbg-column--valign-middle bbg-column--offset-1_12'> <figure class="image-figure" data-animation=""> <img width="280" height="361" src="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2020/09/finalReport.png" class="attachment-large size-large image-figure__image image-figure__image--primary" alt="" loading="lazy" title="finalReport" /> </figure> </div> </div> </div> <div class='bbg-row bbg-bg--white ' data-anchor='row-67f74cc143d76'> <div class="bbg-row--content" > <div class='bbg-column bbg-column--width-8_12 bbg-column--halign-center bbg-column--offset-2_12'> <div class='bb-wysiwyg'> <div class="bb-wysiwyg"> <h3 style="text-align: center">Supporting the TCFD recommendations</h3> </div> </div> <div class='bb-wysiwyg'> <p style="text-align: center">Since the launch of the TCFD&#8217;s recommendations report in 2017, nearly 5,000 organizations publicly declared their support for the TCFD&#8217;s recommendations. Support indicated that an organization believes the TCFD recommendations provide a useful framework to increase transparency on climate-related risks and opportunities within financial markets.</p> </div> </div> </div> </div> <div class='bbg-row bbg-bg--white bbg-text--white bbg-row--margin-bottom-none row-jump-link-section' data-jump-link-label='Supporter snapshot' data-anchor='row-67f74cc144770' id='supporter-snapshot'> <div class="bbg-row--content" > <div style="background-color:#073674;color:#000;" class='bbg-column bbg-column--has-bg-color no-padding'> <div class='bb-wysiwyg'> <h2 style="text-align: center">TCFD supporters around the world</h2> </div> <div class='bb-wysiwyg'> </div> <figure class="image-figure" data-animation=""> <img width="1024" height="505" src="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/10/TCFD-map_102523_transparent-1024x505.png" class="attachment-large size-large image-figure__image image-figure__image--primary" alt="" loading="lazy" title="TCFD-map_102523_transparent" srcset="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/10/TCFD-map_102523_transparent-1024x505.png 1024w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/10/TCFD-map_102523_transparent-300x148.png 300w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/10/TCFD-map_102523_transparent-768x378.png 768w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/10/TCFD-map_102523_transparent-1536x757.png 1536w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/10/TCFD-map_102523_transparent-2048x1009.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /> </figure> </p> </div> </div> </div> <div class='bbg-row map bbg-bg--white bbg-text--white bbg-row--margin-top-none bbg-row--margin-bottom-none' data-anchor='row-67f74cc146908'> <div class="bbg-row--content" > <div style="background-color:#073674;color:#ffffff;" class='bbg-column bbg-column--valign-middle bbg-column--halign-center bbg-column--has-bg-color statrow'> <div class="bbg-statistic-block "> <p class="sr-only">4900 supporters in</p> <p class="bbg-statistic-block--large-text" aria-hidden="true"><span bbg-animated-number class="bbg-animated-number" data-start="0" data-value="4900" data-duration="2500" data-delay="100">4900</span></p> <p class="bbg-statistic-block--small-text" aria-hidden="true">supporters in</p> </div><div class="bbg-statistic-block "> <p class="sr-only">103 jurisdictions</p> <p class="bbg-statistic-block--large-text" aria-hidden="true"><span bbg-animated-number class="bbg-animated-number" data-start="0" data-value="103" data-duration="2500" data-delay="100">103</span></p> <p class="bbg-statistic-block--small-text" aria-hidden="true">jurisdictions</p> </div> </div> </div> </div> <div class='bbg-row bbg-bg--white ' data-anchor='row-67f74cc1473a5'> <div class="bbg-row--content" > <div class='bbg-column'> <div class="separator" id="separator-67f74cc147757"> <hr /> </div> <style type="text/css">#separator-67f74cc147757 hr { background-color: #f6f6f6 }#separator-67f74cc147757 hr { border: 0 }#separator-67f74cc147757 hr { height: 2px }#separator-67f74cc147757 hr { width: 100%; }</style> </div> </div> </div> <div class='bbg-row supporters bbg-bg--white bbg-row--margin-bottom-compact' data-anchor='row-67f74cc147b4e'> <div class="bbg-row--content" > <div class='bbg-column'> <div class='bb-wysiwyg'> <h3 style="text-align: center">Hear from TCFD supporters</h3> </div> </div> </div> </div> <div class='bbg-row supporters bbg-bg--white bbg-row--margin-bottom-compact' data-anchor='row-67f74cc1482ad'> <div class="bbg-row--content" > <div class='bbg-column bbg-column--width-1_12 bbg-column--valign-middle'> <section class="bbg-controls" bbg-controls="bbg-carousel--63080344324719420741"> <button aria-controls="bbg-carousel--63080344324719420741" bbg-previous data-element="carousel-scroll" data-label="BackArrow">Previous</button> </section> </div> <div class='bbg-column bbg-column--width-10_12'> <section id="bbg-carousel--63080344324719420741" class="bbg-carousel" data-name="Carousel 2" data-start-index="1" data-loop="true" data-per-page="{``768``:1,``1024``:1}" bbg-carousel> <div class="bbg-carousel-wrapper"> <div class="bbg-carousel-slide"> <div class="bbg-carousel-slide-quotation-wrapper"> <div class="bbg-carousel-slide-quotation-column bbg-image-column bbg-column bbg-column--width-5_12 bbg-column--m-offset-2_8 bbg-column--m-width-4_8"> <figure class="image-figure" data-animation=""> <img width="900" height="500" src="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2020/10/axa-investment-managers-vector-logo.png" class="attachment-large size-large image-figure__image image-figure__image--primary" alt="AXA Investment Managers" loading="lazy" title="axa-investment-managers-vector-logo" /> </figure> </div> <div class="bbg-carousel-slide-quotation-column bbg-quotation-column bbg-column bbg-column--width-5_12"> <div class="bbg-quotation-block "> <div class="bbg-quotation-block-quote"><p>"The work done by the Task Force on Climate-related Financial Disclosures helps drive consistent, voluntary disclosures by companies that can significantly enhance investor understanding of climate-related business risks and opportunities. This is in line with our beliefs as long term responsible investors and also supportive of our mission to make investing easier for our clients by supporting them in their efforts to address the increasingly prominent challenges raised by climate change."</p></div> <p class="bbg-quotation-block-attribution">AXA Investment Managers</p> </div> </div> </div> </div> <div class="bbg-carousel-slide"> <div class="bbg-carousel-slide-quotation-wrapper"> <div class="bbg-carousel-slide-quotation-column bbg-image-column bbg-column bbg-column--width-5_12 bbg-column--m-offset-2_8 bbg-column--m-width-4_8"> <figure class="image-figure" data-animation=""> <img width="1024" height="576" src="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2020/10/Diageo-Logo.png" class="attachment-large size-large image-figure__image image-figure__image--primary" alt="Diageo Logo" loading="lazy" title="Diageo-Logo" /> </figure> </div> <div class="bbg-carousel-slide-quotation-column bbg-quotation-column bbg-column bbg-column--width-5_12"> <div class="bbg-quotation-block "> <div class="bbg-quotation-block-quote"><p>"Measuring, managing, and reporting environmental impact is not only important for the planet and the communities in which we work, it is essential for the future growth of our business. Like many companies, we have taken action to mitigate climate change and increasingly adaptation is a priority — the TCFD’s focus and guidance on financial impact and climate change scenarios will be particularly helpful as we endeavor to improve our performance and reporting on this business critical issue."</p></div> <p class="bbg-quotation-block-attribution">Michael Alexander, ‎Head of Water, Environment, Agriculture Sustainability, Diageo</p> </div> </div> </div> </div> <div class="bbg-carousel-slide"> <div class="bbg-carousel-slide-quotation-wrapper"> <div class="bbg-carousel-slide-quotation-column bbg-image-column bbg-column bbg-column--width-5_12 bbg-column--m-offset-2_8 bbg-column--m-width-4_8"> <figure class="image-figure" data-animation=""> <img width="900" height="500" src="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/sgx-logo-tcfd.jpg" class="attachment-large size-large image-figure__image image-figure__image--primary" alt="" loading="lazy" title="sgx-logo-tcfd" srcset="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/sgx-logo-tcfd.jpg 900w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/sgx-logo-tcfd-300x167.jpg 300w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/sgx-logo-tcfd-768x427.jpg 768w" sizes="(max-width: 900px) 100vw, 900px" /> </figure> </div> <div class="bbg-carousel-slide-quotation-column bbg-quotation-column bbg-column bbg-column--width-5_12"> <div class="bbg-quotation-block "> <div class="bbg-quotation-block-quote"><p>"SGX is delighted to support the extensive work done by the Task Force on Climate-related Financial Disclosures (TCFD). The recommendations provide guidance for understanding of companies’ climate-related risks and ultimately creates conditions for better informed markets, more accurate pricing, and greater financial stability."</p></div> <p class="bbg-quotation-block-attribution">Loh Boon Chye, Chief Executive Officer, Singapore Exchange</p> </div> </div> </div> </div> <div class="bbg-carousel-slide"> <div class="bbg-carousel-slide-quotation-wrapper"> <div class="bbg-carousel-slide-quotation-column bbg-image-column bbg-column bbg-column--width-5_12 bbg-column--m-offset-2_8 bbg-column--m-width-4_8"> <figure class="image-figure" data-animation=""> <img width="900" height="500" src="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/dow-logo-tcfd.jpg" class="attachment-large size-large image-figure__image image-figure__image--primary" alt="" loading="lazy" title="dow-logo-tcfd" srcset="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/dow-logo-tcfd.jpg 900w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/dow-logo-tcfd-300x167.jpg 300w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/dow-logo-tcfd-768x427.jpg 768w" sizes="(max-width: 900px) 100vw, 900px" /> </figure> </div> <div class="bbg-carousel-slide-quotation-column bbg-quotation-column bbg-column bbg-column--width-5_12"> <div class="bbg-quotation-block "> <div class="bbg-quotation-block-quote"><p>"As Chairman and CEO of The Dow Chemical Company, I am pleased to enthusiastically support the recommendations of the industry-led Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures. We believe that these recommendations will help promote transparency around climate-related risks and opportunities, and we encourage other business leaders to join us in this united effort to improve disclosure across sectors and regions."</p></div> <p class="bbg-quotation-block-attribution">Andrew N. Liveris, Chairman and Chief Executive Officer, The Dow Chemical Company</p> </div> </div> </div> </div> <div class="bbg-carousel-slide"> <div class="bbg-carousel-slide-quotation-wrapper"> <div class="bbg-carousel-slide-quotation-column bbg-image-column bbg-column bbg-column--width-5_12 bbg-column--m-offset-2_8 bbg-column--m-width-4_8"> <figure class="image-figure" data-animation=""> <img width="900" height="500" src="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/jetblue-logo-tcfd.jpg" class="attachment-large size-large image-figure__image image-figure__image--primary" alt="" loading="lazy" title="jetblue-logo-tcfd" srcset="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/jetblue-logo-tcfd.jpg 900w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/jetblue-logo-tcfd-300x167.jpg 300w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/jetblue-logo-tcfd-768x427.jpg 768w" sizes="(max-width: 900px) 100vw, 900px" /> </figure> </div> <div class="bbg-carousel-slide-quotation-column bbg-quotation-column bbg-column bbg-column--width-5_12"> <div class="bbg-quotation-block "> <div class="bbg-quotation-block-quote"><p>"As a business, we must understand the true financial impact of climate change, and as an airline, we need to understand the conditions we will by flying with in the future. Climate risk disclosure – and the thinking that goes behind it – protects our customers, crewmembers, and shareholders. These new recommendations guide us on how to do just that."</p></div> <p class="bbg-quotation-block-attribution">Robin Hayes, President and Chief Executive Officer, JetBlue</p> </div> </div> </div> </div> <div class="bbg-carousel-slide"> <div class="bbg-carousel-slide-quotation-wrapper"> <div class="bbg-carousel-slide-quotation-column bbg-image-column bbg-column bbg-column--width-5_12 bbg-column--m-offset-2_8 bbg-column--m-width-4_8"> <figure class="image-figure" data-animation=""> <img width="900" height="500" src="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/hsbc-logo-tcfd.jpg" class="attachment-large size-large image-figure__image image-figure__image--primary" alt="" loading="lazy" title="hsbc-logo-tcfd" srcset="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/hsbc-logo-tcfd.jpg 900w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/hsbc-logo-tcfd-300x167.jpg 300w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/hsbc-logo-tcfd-768x427.jpg 768w" sizes="(max-width: 900px) 100vw, 900px" /> </figure> </div> <div class="bbg-carousel-slide-quotation-column bbg-quotation-column bbg-column bbg-column--width-5_12"> <div class="bbg-quotation-block "> <div class="bbg-quotation-block-quote"><p>"These recommendations are very welcome. The impact of climate change and the transition to a lower-carbon economy deserve board-level scrutiny and governance. Independent research commissioned by HSBC shows that less than a quarter of companies currently disclose their environmental impact. This makes it very difficult for analysts and investors to assess and compare how sustainable these companies are. These recommendations are a practical and pragmatic response to the need for consistent and comparable climate-related financial disclosure."</p></div> <p class="bbg-quotation-block-attribution">Stuart Gulliver, Chief Executive Officer, HSBC</p> </div> </div> </div> </div> <div class="bbg-carousel-slide"> <div class="bbg-carousel-slide-quotation-wrapper"> <div class="bbg-carousel-slide-quotation-column bbg-image-column bbg-column bbg-column--width-5_12 bbg-column--m-offset-2_8 bbg-column--m-width-4_8"> <figure class="image-figure" data-animation=""> <img width="900" height="500" src="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/landsec-logo-tcfd.jpg" class="attachment-large size-large image-figure__image image-figure__image--primary" alt="" loading="lazy" title="landsec-logo-tcfd" srcset="https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/landsec-logo-tcfd.jpg 900w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/landsec-logo-tcfd-300x167.jpg 300w, https://assets.bbhub.io/image/v1/resize?width=auto&amp;type=webp&amp;url=https://assets.bbhub.io/company/sites/60/2023/01/landsec-logo-tcfd-768x427.jpg 768w" sizes="(max-width: 900px) 100vw, 900px" /> </figure> </div> <div class="bbg-carousel-slide-quotation-column bbg-quotation-column bbg-column bbg-column--width-5_12"> <div class="bbg-quotation-block "> <div class="bbg-quotation-block-quote"><p>"Climate change is one of the biggest issues of our time. As the largest listed commercial property developer in the UK, we have a duty to drive accountability and responsibility; by supporting the TCFD recommendations, we are not only demonstrating our commitment to sustainable business practice but also hope to encourage other sector leaders to do the same."</p></div> <p class="bbg-quotation-block-attribution">Robert Noel, Chief Executive, Landsec</p> </div> </div> </div> </div> </div> </section> </div> <div class='bbg-column bbg-column--width-1_12 bbg-column--valign-middle bbg-column--halign-right'> <section class="bbg-controls" bbg-controls="bbg-carousel--63080344324719420741"> <button aria-controls="bbg-carousel--63080344324719420741" bbg-next data-element="carousel-scroll" data-label="NextArrow">Next</button> </section> </div> </div> </div> <div class='bbg-row supporters bbg-bg--white bbg-h-hide-mobile bbg-h-hide-tablet' data-anchor='row-67f74cc153cc6'> <div class="bbg-row--content" > <div class='bbg-column'> <section class="bbg-carousel-pagination" bbg-pagination="bbg-carousel--63080344324719420741"></section> </div> </div> </div> <div class='bbg-row supporters bbg-bg--white bbg-row--margin-top-none bbg-h-hide-desktop' data-anchor='row-67f74cc154484'> <div class="bbg-row--content" > <div class='bbg-column bbg-column--width-1_12 bbg-column--valign-bottom bbg-column--m-width-1_8 bbg-column--s-width-1_4 supporters'> <section class="bbg-controls" bbg-controls="bbg-carousel--63080344324719420741"> <button aria-controls="bbg-carousel--63080344324719420741" bbg-previous data-element="carousel-scroll" data-label="BackArrow">Previous</button> </section> </div> <div class='bbg-column bbg-column--width-10_12 bbg-column--halign-center bbg-column--m-width-6_8 bbg-column--s-width-2_4'> <section class="bbg-carousel-pagination" bbg-pagination="bbg-carousel--63080344324719420741"></section> </div> <div class='bbg-column bbg-column--width-1_12 bbg-column--valign-bottom bbg-column--halign-right bbg-column--m-width-1_8 bbg-column--s-width-1_4 supporters'> <section class="bbg-controls" bbg-controls="bbg-carousel--63080344324719420741"> <button aria-controls="bbg-carousel--63080344324719420741" bbg-next data-element="carousel-scroll" data-label="NextArrow">Next</button> </section> </div> </div> </div> </article> </main> <!-- end main wrapper opened on header.php--> </div> <!-- end content wrapper opened on header.php--> <footer id="footer" class="site-footer"> <div class="bbg-row bbg-row--margin-bottom-compact"> <div class="bbg-row--content"> <div class="bbg-column bbg-column--width-6_12 bbg-column--m-width-4_8 bbg-column--s-width-4_4 bbg-column--s-order-1 site-footer__form"> <a class="site-footer__logo__link site-logo" href="https://www.fsb-tcfd.org/" data-element="menu-main" data-label="Task Force on Climate-Related Financial Disclosures" > Task Force on Climate-Related Financial Disclosures </a> </div> <div class="bbg-column bbg-column--width-5_12 bbg-column--m-width-4_8 bbg-column--s-width-4_4 bbg-column--s-order-2"> </div> </div> </div> <div class="bbg-row bbg-row--margin-top-compact"> <div class="bbg-row--content"> <div class="bbg-column farewell-footer__container"> <p class="site-footer__copyright-text" id="farewell-footer"> &copy; 2025 Task Force on Climate-related Financial Disclosures. 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