Climate change is recognised as a significant threat to the stability of the global economy. The disclosure landscape for businesses is changing to take this into account.
The Taskforce on Climate-related Financial Disclosures (TCFD) was established at the request of G20 leaders. In 2017 it released a set of recommendations to encourage consistent, reliable and clear climate-related financial disclosures enabling investors to properly take account of climate-related risks.
The recommendations are now widely endorsed by governments, investors and financial leaders. The TCFD is now the latest best practice in climate reporting.