Thought Leadership Series: The Task Force on Climate Related Financial Disclosures (TCFD)
Friday, 25 May 2018 13:00 to 15:00
Published in June 2017, the recommendations of the Task Force on Climate Related Financial Disclosures (TCFD) have attracted significant local and international interest, with their recommendations incorporated into key disclosure platforms such as CDP.
The Task Force’s recommendations represent an important step in enabling market forces to support a smooth transition to a low-carbon economy, by identifying the information needed to appropriately assess and price climate-related risks and opportunities.These recommended disclosures should be included in Corporates’ financial reports and the recommendations include practical and illustrative methods on how to do so.
The Task Force further recommends addressing future climate-related risks through a forward-looking scenario development process, undertaken at company level. This process includes formulating a business scenario that is based on an emissions trajectory that gives the highest likelihood of limiting the average global temperature increase to 2⁰ C.
If you are an NBI Member company, please join us for a TLS “working session” where we interactively unpack the TCFD and its implications for companies in South Africa, as well as consider the ways in which the TCFD recommendations relate to key disclosure platforms and sustainability metrics.