Understand and Disclose Climate-Related Financial Risks
Climate risk disclosure is becoming a key expectation of all publicly traded companies. The Task Force on Climate-Related Financial Disclosures (TCFD) is the gold standard for communicating the financial impacts of climate change to your investors, with BlackRock, State Street, and Bloomberg leading the charge.
TCFD requires companies to not only calculate and disclose climate risk but also demonstrate how they’re actively mitigating those risks. For first-time respondents, TCFD disclosure can be tedious and time-consuming.
Our team can guide you through the TCFD reporting landscape. We’ll handle both the qualitative and quantitative aspects of your TCFD disclosure, identify opportunities for improvement, and develop a master key that will standardize and streamline your ESG reporting efforts going forward.
With SBC’s TCFD Reporting Services, you can:
- Build a comprehensive TCFD reporting strategy that aligns with other frameworks and initiatives
- Facilitate a climate scenario workshop with your executive team
- Uncover the impact of climate-related risks and opportunities on your organization’s assets, resiliency, and business strategy
- Show investors that you are taking proactive steps to address climate-related risks
- Mitigate future shocks by running through various climate-related scenarios, considering both physical and transition risks
“We appreciate Sustainable Business Consulting serving as an extension of our team, with great counsel and trusted expertise. We value disclosure and transparency as an enabling part of the sustainability journey, and this year the SBC team digested information and perspective across our company to help us publish our first TCFD report. We appreciate their willingness to get into the weeds, check data carefully, and support our continued learning in this fast-moving space.”
– Diana Rakow, SVP, Public Affairs & Sustainability, Alaska Airlines
TCFD Disclosure – A Closer Look
TCFD’s key recommendations on climate-related financial disclosure are designed to be applicable to organizations across a wide variety of sectors. They’re structured around four business themes:
What is your organization’s
governance around climate risks
What impacts do climate risks and opportunities have on your financial planning and business strategy?
How are you identifying, assessing, and managing climate-related risks and opportunities?
Metrics & Targets
What metrics are you using to manage climate risks? What is your Scopes 1-3 GHG emissions impact?