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Task Force on Climate-related Financial Disclosures (TCFD)

Implementing the Task Force on Climate-related Financial Disclosures (TCFD) recommendations for transparent and responsible financial reporting.

Satellite perspective of cloud formations over Earth, denoting global climate considerations as part of Task Force on Climate-related Financial Disclosures (TCFD)

What is TCFD?

The Task Force on Climate-related Financial Disclosures (TCFD) is a reporting framework established by the Financial Stability Board (FSB) to enhance transparency on the financial implications of climate-related risks and opportunities. By adopting TCFD guidelines within their annual report, organisations can provide investors, lenders, and insurers with clear, comprehensive and high-quality information to aid their long-term financial decisions. The eleven disclosure recommendations are structured around four core elements: Governance, Strategy, Risk Management and Metrics & Targets.

McGrady Clarke assists clients in not just meeting the mandatory requirements of TCFD reporting, but with embedding sustainability within the organisation to produce industry-leading disclosures. Our technical experts can help you navigate the complex requirements of TCFD.

A high viewpoint of rocks with a gap in the middle, symbolising potential challenges and opportunities in implementing Task Force on Climate-related Financial Disclosures (TCFD) recommendations

Benefits of Conducting TCFD Disclosures

Conducting TCFD-aligned disclosures offers multiple benefits for organisations, beyond mandatory compliance.

Performing evaluations of potential climate-related risks and opportunities promotes enhanced risk management procedures and strategic alignment, allowing future risks to be identified, assessed and managed more effectively. Our scenario analyses conducted by our in-house data scientists can assist organisations in building strategic resilience, whilst being prepared for evolving regulatory frameworks.

Our high-quality financial disclosures promote corporate transparency, and can lead to increased access to capital and wider stakeholder engagement. Disclosing climate financials and a wider sustainability strategy can provide a competitive edge and enhanced reputation, differentiating your organisation against your peers with a forward-thinking approach to sustainability.

Ice Caps which are melting with TCFD compliance to help

Our
Process

Stage 1

Comprises of a sophisticated sustainability gap analysis, conducted through our bespoke implementation workshops, interview process and questionnaires across a range of departments, to identify strengths, weaknesses and recommendations for the upcoming TCFD report. 

Stage 2

Builds upon the output of Stage 1, by undertaking a comprehensive climate risks and opportunities assessment. We identify both physical and transitional risks, and define their probability, impact, scale and time horizon. Our data-driven scenario analysis allows our clients to identify potential financial implications of individual risks, and combined with our risk mitigation recommendations provides a robust and holistic approach to climate strategy. This is then detailed in our TCFD disclosure report by our seasoned report writers.

Why Choose McGrady Clarke for your TCFD Disclosure?

At McGrady Clarke, our expertise goes beyond compliance; we offer a strategic approach to climate-related financial disclosures, ensuring transparency, accuracy, and value. Drawing on our deep understanding of both the environmental and financial landscapes, we guide businesses through the complex process of identifying, assessing, and communicating climate-related risks and opportunities.

Our TCFD experts understand the nuances of TCFD, ensuring that your disclosures are not only compliant but also position your business at the forefront of sustainable financial leadership and industry best practices.

Aerial view of trees, some green and others brown, depicting environmental impacts and changes considered under the Task Force on Climate-related Financial Disclosures (TCFD)

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Satellite perspective of cloud formations over Earth, denoting global climate considerations as part of Task Force on Climate-related Financial Disclosures (TCFD)

Articles

Trees on the left transitioning to a burnt out area on the right, portraying the stark contrasts in environmental outcomes which underline the need for the practical guidance offered by TCFD
Guide 24/05/23

TCFD: A Practical Guide

Read now
Coloured flowing lines, signifying the dynamic and complex nature of navigating TCFD reporting requirements in the UK
Insight 31/05/23

Navigating TCFD Reporting Requirements in the UK

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