Webinar: TCFD recommendations – implementation status and a roadmap for decision makers
Changing climate in business #5
Video from webinar (14 December 2020)
At the request of the Financial Stability Board (FSB), the Task Force on Climate-related Financial Disclosures has issued status reports each year after publishing its initial recommendations in 2017. Support for the initiative increased since the 2019 report, and today, more than 1,500 organizations support the TCFD recommendations, representing an increase of over 85% since the last edition.
The 1,500 TCFD supporters include companies, financial institutions and governments, among others, with company supporters alone representing a combined market capitalization of 12.6 trillion dollars, and the supporting financial firms being responsible for assets of nearly 150 trillion dollars. Nearly 60 percent of the world’s 100 largest public companies support the TCFD, report in line with the TCFD recommendations, or both. Still, in order to forge a more resilient world economy, global market participants must accelerate the rate of progress on climate-related disclosure and transparency.
Our speakers during the webinar will be Eric Dugelay, Partner responsible for Sustainability Services in France, one of the TCFD experts engaged in preparing the status report and Tomasz Gasiński, new Director in Sustainability Consulting, responsible for climate-related agenda.
During this webinar we will discuss:
- What are the advantages and benefits of implementing TCFD recommendations
- What are the best practices and lessons from expert users
- What are the main challenges to TCFD implementation and how to overcome them
The Task Force also seeks feedback on its consultation on decision-useful, forward-looking metrics for the financial sector. Publication of the consultation document today begins a 90-day public consultation period, ending January 27, 2021.