1000+ Global Firms Support Voluntary Guidelines Disclosing Investment Risk from Climate Change

The task force behind the guidelines

The Task Force on Climate-related Financial Disclosures (TCFDs) was established in 2015 to provide recommendations on climate-related financial disclosures and has had explosive growth in participation. 

The motivation to report

• Companies reporting TCFD recommendations have a lower risk profile and perform better than their peers.
• The World Economic Forum recently ranked climate risks as the top 5 threats facing the global economy.
• There is increased investor demand for information to help mitigate risks and understand opportunities related to the transition to a low carbon economy.

The firms

• 1,027 organizations across 55 countries
• 473 financial firms responsible for a combined $183.8 trillion
• major banks, regulators, stock exchanges, credit rating agencies, and national governments

Business Green | Climate risk: 1,000 global firms give backing to corporate disclosure guidelines