Resource Database

For the first time, the Bank of England (the Bank) is publishing this report on climate-related financial disclosure, setting out its approach to managing the risks from climate change across its entire operations, and the steps taken to improve the Bank’s understanding of these risks.

The GARP Risk Institute recently conducted its second annual global, cross-sectoral survey on climate-related financial risks, and now presents the results in a comprehensive report. Through the lens of governance, strategy, risk management, metrics and scenario analysis, the report examines how firms measure and manage the risks and opportunities associated with climate change.

Climate disclosures within the Annual Report – An Australian focus is a guide to help businesses communicate the impacts of climate on their business models, strategy, financial performance, and future prospects in their Annual Reports and Financial Statements. It will help you navigate the different disclosure requirements and recommendations applicable in Australia that may be impacted by climate risks.

To manage Aotearoa New Zealand’s transition to a low-carbon future, every professional financial decision must take climate change into account. How do we manage this transition? How essential is disclosure in achieving this?

For the first part of this roundtable, the panellists discussed pathways to rapidly achieving this goal in the near future with a particular focus on the recommendations of the TCFD. The second part focused on a Q&A.

This practical example, created by A4S and SSE, shows how the company has implemented the recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). SSE’s work has included:

– Developing scenario analysis​
– Quantifying climate-related risks and opportunities​
– Enhancing governance and management of climate-related issues​

This case study is part of the A4S’s support for the implementation of the TCFD recommendations.

This paper highlights the most relevant CDP climate change questions and explains how this information can be best used for reporting in the mainstream report using CDSB’s reporting principles and requirements, clearly setting out for companies the how and what of making effective climate-related financial disclosure. The paper further offers an illustrative list of TCFD-relevant questions from CDP’s forests and water security questionnaires.

As part of GARP Risk Institutes Climate Risk webcast series Jason Eis, Executive Director of Vivid Economics, focuses on the transition risks that are likely to arise from the process of adjusting toward a lower carbon economy.

The 2019 EY Global Climate Risk Disclosure Barometer provides a snapshot of the uptake of the recommendations by the Task Force on Climate-related Financial Disclosures (TCFD) — a key measure for climate-related disclosures. The report examines disclosures from over 950 companies across a range of sectors in 34 markets during the 2018–19 reporting period. It provides insights into reporting across regions and sectors, plus suggested areas of improvement for climate disclosures.

This report is a guide for non-financial companies to carry out forward-looking analysis of the strategic issues of the low-carbon transition and to disclose information about their analysis through TCFD reporting.

It comprises a collection of resources that non-financial companies can use to build their strategic resilience through scenario analysis.

It also comprises guidance on how to communicate about this strategic and confidential exercise through TCFD reporting as well as clarifications on the type of information that is useful to financial stakeholders.

The production, transformation and distribution of food, agriculture and forest products are routine and essential aspects of global society. These sectors are critical for people’s health, survival and well-being, providing food, buildings, packaging and infrastructure. They also support the livelihoods of millions of people through their multi-tiered and complex value chains.

The Food, Agriculture and Forest Products TCFD Preparer Forum is a collaboration between Mondi, Nestlé, Olam, Stora Enso, Syngenta, Unilever and the World Business Council for Sustainable Development (WBCSD). It aims to advance the implementation of the recommendations of the TCFD by providing commentary on members’ individual experiences, supported by examples of effective practices.

In the second of GARP Risk Institutes’s Climate Risk webcast series Dr. Richenda Connell, Co-founder and CTO of Acclimatise, investigates the ways in which the physical risks of climate change generates significant financial risks for firms and how the technology can be deployed to help banks and investors integrate climate risk into their decision-making.

This booklet provides a high-level overview of the TCFD and its recommendations.