Task Force on Climate-Related Financial Disclosures disbanded
Dec 15, 2023
On December 15, 2023, the Task Force on Climate-related Financial Disclosures (TCFD) disbanded following its final status report, published in October 2023. As of November 2023, the TCFD website is no longer updated or monitored but will remain a resource for materials developed by TCFD.
With the International Sustainability Standards Board’s (ISSB) inaugural standards having been released (IFRS S1 General Requirements for Disclosure of Sustainability-Related Financial Information and IFRS S2 Climate-related Disclosures), the TCFD’s work is complete. Therefore, the Financial Stability Board (FSB) has requested that the ISSB assume responsibility for monitoring progress on climate-related financial disclosures by companies as of 2024.
This announcement does not change mandatory requirements in respect of TCFD disclosures.
Access the announcement on the TCFD’s website.
