Read the full TCFD recommendations in the Final Report, Annex and Overview.
The TCFD Recommendations
The TCFD structured its recommendations around four thematic areas that represent core elements of how organizations operate: governance, strategy, risk management, and metrics and targets. These thematic areas are designed to interlink and inform one another.
The organization’s governance and climate-related risks and opportunities. Find out more.
The actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning. Find out more.
The processes used by the organization to identify, assess and manage climate-related risks. Find out more
Metrics and Targets
The metrics and targets used to assess and manage relevant climate-related risks and opportunities. Find out more
These four core areas are supported by recommended disclosures and guidance. There is guidance to support all organizations in developing climate-related financial disclosures consistent with the recommendations and recommended disclosures as well as supplemental guidance for specific sectors.
Four widely adopted recommendations tied to: governance, strategy, risk management and metrics and targets.
Specific recommended disclosures organizations should include in their financial filings to provide decision-useful information.
Guidance for All Sectors
Guidance providing context and suggestions for implementing the recommended disclosures for all organizations.
Supplemental Guidance for Certain Sectors
Guidance that highlights important considerations for certain sectors and provides a fuller picture of potential climate-related financial impacts in those sectors.
Supplemental guidance is provided for the financial sector and non-financial sectors potentially most affected by climate change.
The recommendations, disclosures, and guidance all rest on a set of underlying principles intended to facilitate high-quality, decision-useful disclosures even as the market’s understanding of – and approach to – climate-related impacts evolves over time.
To find out more about the TCFD recommendations, read the TCFD FAQs.
To explore each of the thematic areas and supporting recommended disclosures, click on the recommendations below.