24 Sep 19

SASB and CDSB release TCFD Good Practice Handbook

skyscrapers-164592_640_pixabay_webThe Climate Disclosure Standards Board (CDSB) and the Sustainability Accounting Standards Board (SASB) have released the TCFD (Task Force on Climate-related Financial Disclosures) Good Practice Handbook.

Following the release of the TCFD Implementation Guide in May 2019, this handbook provides real-world examples of TCFD reporting to help companies better understand how they can more effectively communicate with investors about the financially material climate-related risks and opportunities they face.

“This handbook gives companies greater visibility into how their peers around the world are approaching effective climate-related disclosure to investors,” said Madelyn Antoncic, CEO of the SASB Foundation. “As such, it is an actionable and practical resource for companies to use in shaping their own corporate reporting practices and improve the informational efficiency of global capital markets.” 

In June 2017, the TCFD published its recommendations for climate-related financial risk disclosures. More than 800 organisations have publicly expressed support for the recommendations, but many have cited a need for practical guidance on how to implement them and how disclosure compares across geographies. 

The TCFD Good Practice Handbook provides a range of disclosure examples from many G20 countries organised around the four core TCFD elements of governance, strategy, risk management, and metrics and targets. It also contextualises the examples with a discussion on the current state of TCFD disclosure globally and offers key takeaways and lessons that arose in the process of identifying and clarifying these practices. 

To view the TCFD Good Practice Handbook visit this link


Aligning TCFD with other frameworks

Greenstone recently delivered a webinar on TCFD disclosure – where to start and how to align it with other frameworks offering practical tips on how to start aligning current disclosures with the TCFD recommendations.

Through Greenstone’s award-winning Frameworks module, organisations can meet the reporting requirements of global sustainability reporting frameworks. These include GRI Standards, CDP, UNGC, TCFD, SDGs and many leading financial exchange reporting schemes around the world including SGX, JSE SI, DJSI and FTSE4Good.

You can define unique question sets from these frameworks based on their relevance and materiality to your organisation. Data and supporting information is then collected across the organisation before being consolidated into internal and external reporting templates as required. 

The Frameworks was recently recognised by the Business Intelligence Group and named  ‘Sustainability Product of the Year’ in the 2019 Sustainability Awards program.

Visit our Frameworks & Standards content library aiming to keep you informed with the latest industry updates and learn more about the available sustainability and ESG frameworks and standards to support your company's reporting.

Greenstone is a formal supporter of The Task Force on Climate-Related Financial Disclosures (TCFD) and enables its clients to align their reporting with the TCFD recommendations through its software solutions and support services.

On-Demand Webinar | CDP & TCFD reporting: disclosing climate change risks & opportunities