Strategic Focus: Mastering TCFD Disclosures
Kim Knickle
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Executive Summary
Support for the Task Force on Climate-related Financial Disclosures (TCFD) has exploded since its establishment in 2015. With the recent release of the 2021 TCFD ‘Status Report’, firms wishing to disclose against the TCFD recommendations are now faced with a series of challenges surrounding how best to integrate these recommendations into broader ESG strategies, what best practice looks like, and which services, projects and technologies they should invest in to lay the groundwork for TCFD success. A growing number of firms are facing regulatory pressure to align with the TCFD; this report should therefore be leveraged by executives to inform current TCFD strategies, to ensure that they are prepared as TCFD disclosure becomes mandatory.The Momentum Behind TCFD Disclosures
The Updated TCFD Recommendations Framework
TCFD Support in 2021
Current TCFD Disclosure Strategies
TCFD Alignment: A Question Of When, Not If
The Barriers to TCFD Adoption
Mounting Pressure To Align with TCFD Recommendations
Building Strong Foundations For Future TCFD Success
Identifying And Implementing TCFD Best Practice
The Consulting Services Firms Ecosystem
Firms Should Leverage Technology To Support TCFD Strategies
Figure 2. TCFD Cross-Industry Metrics
Figure 3. Leading Countries By Number Of TCFD Supporters
Figure 4. TCFD Supporters By Industry (US)
Figure 5. The Percentage Of Corporate Preparers Disclosing Against Specific Recommendations
About the Authors
Kim Knickle
Research Director
Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a...
Connor Taylor
Principal Analyst
Connor is a Principal Analyst at Verdantix. He focuses on delivering research to help senior executives navigate decarbonization decision-making and build effective strategies...
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