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REPORTING

TCFD | TASKFORCE ON CLIMATE
RELEATED FINANCIAL DISCLOSURES

TCFD
TASKFORCE ON CLIMATE
RELEATED FINANCIAL DISCLOSURES

What is TCFD?

Climate change poses both risks and opportunities for business, now and in the future. TCFD stands for the Task Force on Climate-related Financial Disclosures. It is a framework that organizations can use to publicly disclose the climate-related risks and opportunities to their businesses.

Semtrio-TCFD-Vector

More than 1,700 businesses and governments around the world have publicly committed to reporting in alignment with the TCFD.

Why TCFD Report?

The Financial Stability Board established the TCFD to develop recommendations for more effective climate-related disclosures that could promote more informed investment, credit, and insurance underwriting decisions and, in turn, enable stakeholders to understand better the concentrations of carbon-related assets in the financial sector and the financial system’s exposures to climate-related risks.

The Financial Stability Board established the TCFD to develop recommendations for more effective climate-related disclosures that could promote more informed investment, credit, and insurance underwriting decisions and, in turn, enable stakeholders to understand better the concentrations of carbon-related assets in the financial sector and the financial system’s exposures to climate-related risks.

TCFD disclosure recommendations are structured around four thematic areas that represent core elements of how organizations operate: governance, strategy, risk management, and metrics and targets. These thematic areas are intended to interlink and inform each other.

Core Elements of the report:
  • Governance
  • Strategy
  • Risk Management
  • Metrics & Targets

How Do We Do?

We create/design your TCFD report by bringing together the actions, targets, strategy and plan that has taken to combat climate change of your company from the perspective of our climate change experts.

  • 01 PROJECT KICKOFF
    MEETING
  • 02 DATA COLLECTION
    PERIOD
  • 03 CREATION OF
    REPORT CONTENT
  • 04 REPORT DESIGN

PROJECT KICKOFF
MEETING

We arrange a kick-off meeting to comprehend your needs and situation to manage your project processes in the most suitable way possible.

DATA COLLECTION
PERIOD

We consolidate qualitative and quantitative data to predict & manage the financial impacts of climate-related short, medium and long-term risks.

CREATION OF
REPORT CONTENT

We actualise your TCFD report from the perspective of our climate change experts.

REPORT DESIGN

We adopt the design theme specially implemented for your company to your TCFD report.

01 PROJECT KICKOFF MEETING

We arrange a kick-off meeting to comprehend your needs and situation to manage your project processes in the most suitable way possible.

02 DATA COLLECTION PERIOD

We consolidate qualitative and quantitative data to predict & manage the financial impacts of climate-related short, medium and long-term risks.

03 CREATION OF
REPORT CONTENT

We actualise your TCFD report from the perspective of our climate change experts.

04 REPORT DESIGN

We adopt the design theme specially implemented for your company to your TCFD report.

Why Semtrio?

Expert team in the
field of economy
5 years’ experience in
various reporting
Reach out to get information about Taskfroce on Climate Related Financial Disclosures and meet our team of experts!
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FREQUENTLY ASKED QUESTIONS

What is the Task Force on Climate-related Financial Disclosures (TCFD)?

The Financial Stability Board established the Task Force on Climate-related Financial Disclosures (TCFD).

TCFD provides recommendations and reporting criteria to increase and improve institutions’ financial reports related to climate. Following the relevant recommendations and criteria of the TCFD ensures that organizations understand how they manage risks and opportunities associated with climate change.

What are the TCFD Recommendations?

Within the framework of the TCFD Recommendations centered on climate, it is advised to report under four main topics:

1- Governance
2- Strategy
3- Risk Management
4- Metrics and Goals

What are the TCFD Reporting Criteria?

The TCFD recommends the adoption of 7 criteria for understanding the institutional impacts of climate change and providing reporting effectively. These reporting criteria are as follows:

1- Contain relevant information.
2- Must be specific and complete.
3- Be clear, balanced, and understandable.
4- Be consistent over time.
5- Must be comparable within a specific industry or portfolio.
6- Must be reliable, verifiable, and objective.
7- Must be at specified times.
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