Disclosing an institution’s climate-related financial risk management strategy

Why? It is increasingly seen as standard practice, may be requested by financial regulators, and provides information to shareholders, clients and counterparties on the strategic and risk management decisions on managing those risks.

How? The Taskforce on Climate-related Financial Disclosures provided recommendations and guidance on how to disclose an institution’s climate-related financial risk management strategy. A number of financial institutions have already released TCFD reports on a voluntary basis