Shearman & Sterling LLP | FinReg | <p ><span ><span >Task Force on Climate-Related Financial Disclosures Publishes 2020 Status Report and Guidance</span ></span ><o ></o:p ></p >
Financial Regulatory Developments Focus
This links to the home page
Blog
FILTERS
  • Task Force on Climate-Related Financial Disclosures Publishes 2020 Status Report and Guidance

    10/29/2020
    The Financial Stability Board's Task Force on Climate-Related Financial Disclosures has published its 2020 Status Report, describing progress in the global adoption of the TCFD's recommendations. It has also published two Guidance documents: 
    • Guidance on Scenario Analysis for Non-Financial Companies, offering guidance on how non-financial companies can make strategic and risk management decisions in the context of climate change; and
    • Guidance on Risk Management Integration and Disclosure, offering guidance on how companies can implement the TCFD's Risk Management recommendation. 
     
    The TCFD has also published a consultation paper on Forward-Looking Financial Sector Metrics. The consultation paper seeks input on the disclosure of forward-looking metrics that financial institutions use to assess climate-related risks and opportunities and inform financial decision-making. The consultation paper describes the considerations for the metrics and discusses the "implied temperature rise associated with investments" metric that financial institutions are already using. The TCFD is interested in alternative metrics that could be used and how the comparability and transparency of metrics could be improved. Responses to the consultation should be submitted by January 27, 2021. Based on feedback, the TCFD will decide whether further guidance on forward-looking metrics is required.

    View the TCFD's 2020 Status Report.

    View the TCFD's Guidance on Scenario Analysis for Non-Financial Companies.

    View the TCFD's Guidance on Risk Management Integration and Disclosure

    View the TCFD's consultation paper.

    Return to main website.