TCFD is an important development for sustainability professionals to engage with.

This new guide was produced by a joint working party set up by the Institute and Faculty of Actuaries (IFoA) and Institute of Environmental Management & Assessment (IEMA). It draws on the insights of both financial and sustainability risk practitioners.

Our new guidance will help you understand (TCFD) requirements from the task force on climate related financial disclosures. It will help you in assessing specific disclosures and in turn, in engaging with other professions and teams.Ultimately these disclosures offer us all opportunities for supporting business transitions and influencing change.

Written to support all users of climate-related financial disclosures, it will help a wide range of stakeholders, from risk management specialists and sustainability practitioners, from investors, lenders and insurers, through to interested members of the public.

Background information

In June 2017, the Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board (FSB), published recommendations aimed at helping organisations of all types to assess and communicate key climate-related information. More and more organisations are supporting TCFD or preparing disclosures, including national governments, state level ministries, central banks, regulators, stock exchanges, credit rating agencies, asset managers, asset owners, banks, and companies in sectors such as chemicals, energy, insurance, metals and mining, oil and gas, and transportation.