London, 24 September: Today the TCFD Knowledge Hub sees the release of two new sections – case studies and upcoming events – providing companies with the additional resources they need to ensure all the knowledge on the Task Force on Climate-related Financial Disclosures (TCFD) is available in one place.
Following increasing calls by reporting organizations about the need for concrete examples on the implementation of the recommendations, the case studies have been designed as short interviews, allowing organizations to focus on their experience in disclosing climate-related financial information, the challenges and solutions found in the process.
Starting with case studies by three organizations – Unilever, AP2 and Landsec – focused on how to disclose against the TCFD recommendations and their experiences on scenario analysis, this section will grow more as disclosing on the TCFD requirements becomes embedded in companies’ reporting cycle. Sharing the experiences behind the reports will help to drive peer-to-peer learning opportunities, and eventually the development of best practice.
Organisations are invited to submit case studies on a range of topics, including the internal processes set up to collect, analyse and disclose climate-related information; stakeholder engagement (internal or external); as well as changes in governance and management structures.
The TCFD Knowledge Hub now also features an events page, allowing users to search through upcoming events and webinars to learn more about the themes and topics associated with the recommendations. The database of events and webinars will be searchable, and users will be able to filter to find the events that are most relevant to them.
In their contribution for a case study, Unilever highlighted that: “In our 2017 Annual Report, we disclosed details of our scenario analysis and the material impacts that might arise from 2 and 4-degree warming scenarios. Whilst we have been reporting on our actions to mitigate the effects of climate change for some time, this was the first time we had reported on the exposure of our business to physical and transition climate risks, and our plans to ensure we remain resilient in the future. We hope that by sharing our experience in conducting and disclosing the outcomes of the scenario analysis, other companies will follow suit.”
Mardi McBrien, Managing Director, Climate Disclosure Standards Board, said: “With the launch of these new sections, organisations have access to a complete range of resources that can guide them in the disclosure of climate-related financial information. Companies sharing their experience on the first year of implementation of the TCFD will provide valuable support for others on this journey and will be recognised as first movers in this field.”
We are inviting companies to share their experience of the recommendations as case studies to promote the development of best practice. We also welcome information about upcoming events and webinars.