What is the TCFD Knowledge Hub?
The Hub hosts a range of resources that can help you identify, analyze and report climate-related financial information. The platform has been created to support the adoption of the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and the development of high-quality, consistent and comparable climate-related financial disclosures.
On the platform, you will be able to search for resources that:
- directly address the TCFD recommendations, such as guidance or tools designed for specific sectors to report information in line with the TCFD recommendations.
- are linked to the thematic areas or accompanying recommended disclosures within the TCFD recommendations, for example a guidance document about climate-related risk management or scenario analysis planning.
Who is the Hub for?
This platform provides insights and guidance for your disclosure process, no matter where you are in your reporting journey or which sector you operate in.
Whether you are new to climate-related financial reporting…
…or you are already working towards implementing the TCFD recommendations…
…this platform provides insights and guidance for your disclosure process
Climate-related financial reporting journey
What is the TCFD?
To help identify the information needed by investors, lenders, and insurance underwriters to appropriately assess and price climate-related risks and opportunities, the Financial Stability Board established an industry-led task force: the Task Force on Climate-related Financial Disclosures (TCFD).
The TCFD was asked to develop voluntary, consistent climate-related financial disclosures that would be useful to investors, lenders, and insurance underwriters in understanding material risks. The 32-member Task Force is global; its members were selected by the Financial Stability Board and come from various organizations, including large banks, insurance companies, asset managers, pension funds, large non-financial companies, accounting and consulting firms, and credit rating agencies. In its work, the Task Force drew on member expertise, stakeholder engagement, and existing climate-related disclosure regimes to develop a singular, accessible framework for climate-related financial disclosure.
The Task Force developed four widely adoptable recommendations on climate-related financial disclosures that are applicable to organizations across sectors and jurisdictions. Importantly, the Task Force’s recommendations apply to financial-sector organizations, including banks, insurance companies, asset managers, and asset owners. Large asset owners and asset managers sit at the top of the investment chain and, therefore, have an important role to play in influencing the organizations in which they invest to provide better climate-related financial disclosures.
An introduction to the recommendations can be found here.
Find out more about the TCFD and their work here.
How to submit resources
The resources available on the Hub are collected through contributions from a network of practitioners and experts within this area.
If you know of resources that are relevant for the Hub, you can submit them using by emailing [email protected]. Once submitted, the resource goes through a moderation process, to ensure each resource is relevant and accurate for publication.
What types of resources are on the Hub?
|Legislation and regulation||Laws, regulations and listing rules, which mandate organizations to disclose specific information in their mainstream financial reports.|
|Frameworks and standards||Specifications that help structure the content provided in a report.|
|Guidance and tools||Documents that provide organizations with tips and explanations to help them understand specific reporting requirements or to support their reporting process.|
|Research and insights||Thought leadership, research or discussion papers that provide insights into climate-related disclosure.|
|Webinars and videos||Webinars that address the themes or subjects of the TCFD recommendations, including informative videos that have been created to help companies understand the TCFD recommendations and related themes.|
|Upcoming events||Any upcoming events being held in relation to the TCFD recommendations (or related themes) and hosted by organizations other than the TCFD. For events held by the TCFD, please check the TCFD website.|
Who operates the Hub?
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The world’s economy looks to CDP as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate and city action.
CDSB has worked with the TCFD to develop this website, and after the consolidation of CDSB, CDP retains all operations of the platform.
Find out more at www.cdp.net.
The TCFD Knowledge Hub has been kindly supported by a number of funders including Bloomberg Philanthropies, Finance Dialogue, EU LIFE Programme, and UK PACT.