Resource Database

This article discusses 3 questions: 1) To what extent were oil and gas companies already following the TCFD recommendations using existing guidance from the Securities and Exchange Commission (SEC), Global Reporting Initiative (GRI), and Sustainability Accounting Standards Board (SASB)?, 2) If most (all) companies show a large gap in complying with the TCFD recommendations, would closing this gap result in increased legal liabilities from disclosure?, and 3) What needs to be done to facilitate adoption of the TCFD recommendations?

This report, produced jointly by the GFT Taskforce on Climate-related Financial Disclosures (TCFD) Workstream and the GFI Working Group on Data, Disclosure and Risk, sets out how and why the UK can introduce a new climate-related and sustainability-related financial disclosure framework.

Some practical insight and experiences shared by Global consultancy Anthesis Group, as they support companies to implement the TCFD’s recommendations. The emphasis of this article is more on the ‘how’ rather than the ‘what’ or the ‘why’, as companies that are now starting to engage and encounter common challenges.

This document offers a structured process to identify, measure and value environmental (natural capital) risks and opportunities, and helps to generate trusted, credible and actionable information that can be used to inform financial decisions.

This paper outlines the methodology for a proposed 2°C scenario analysis framework, and the resulting ranking of oil and gas companies based on their exposure to climate-related financial risk.

This briefing note sets out a 3-year Routemap for integrating the TCFD recommendations. It has been developed in consultation with a range of clients, companies and key agencies. A framework for action is presented comprising a set of practical steps that can be taken over a three-year period.

This report surveys the current state of asset-level climate data in 9 sectors. While only a sample of existing data across 9 climate-relevant sectors, this report answers questions like: Which climate performance data are already available in the market for the most important climate related sectors? What are the key underlying sources for this data and what are the implications for data quality and reliability? What are the key barriers for financial institutions and policymakers in terms of access? What is the way forward to create comprehensive and cost-effective access to climate data?

This technical brief unpacks the process through which raw climate data is transformed into usable metrics, such as future temperature projections, to help financial, corporate and government users incorporate climate-based analytics into their physical risk assessment and disclosure processes.

A review of disclosures from 50 asset owners in France in response to Art. 173. The analysis shows only a quarter of respondents included substantial analysis and metrics on their exposure to physical impacts of climate change and discusses the approaches used by those that did assess physical climate risk.

Building on the current momentum behind the TCFD recommendations, ICAEW, in association with The Carbon Trust, have published this practical guidance for organisations wanting to learn more about the recommendations and steps to implementation, in the style of FAQs, for organisations considering how to get started.

This blog article discusses how Science-Based Targets are aligned with the requirements of the TCFD disclosure recommendations.

This guide sets out a practical framework to support asset owners in their efforts to implement the TCFD recommendations. Specifically, the guide focuses on the ‘actions’ that asset owners can take to improve processes around governance, strategy, risk management and metrics/targets.