This study examines which specific challenges can arise for German companies when implementing the TCFD recommendations. Following a presentation of the theoretical and practical background, it presents the results of an analysis into German chemical companies’ annual and sustainability reports, including their CDP response, and highlights key findings from a company interview. The study shows how current reporting practice, which often closely aligns with minimum legal requirements, will have to be extended and which adjustments of internal corporate processes and structures need to take place to enable TCFD-aligned disclosures. Potential solutions to the challenges are discussed against the backdrop of sustainability management.
This resource is in German.