The Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board (FSB), published its 2022 Status Report today. This year marks five years since the Task Force published its final recommendations in 2017, and the 2022 Status Report assesses developments and progress during that time.
As part of its assessment, the Task Force reviewed publicly available reports of over 1,400 companies from eight industries and five regions to better understand current climate-related financial disclosure practices and their evolution.
The latest TCFD Status Report describes the steady increase in climate-related financial disclosures since 2017.