The paper summarizes the Task Force’s final recommendations on future-oriented climate-related financial disclosures, identifies financial accounting standards and other mainstream reporting materials that could aid companies in responding to various aspects of the TCFD recommendations, and considers what more needs to be done and how to align the TCFD core elements and recommended disclosures with existing financial accounting standards and materials.
The paper focuses on IFRS 7, IFRS 9, IFRS 15, IFRS 17 and IAS 36 and IAS 37, exploring some of the main points applied to traditional financial instruments and how they could potentially help organisations disclose climate-related risks and opportunities within their mainstream reports.
Review the press release and the full report on the CDSB's website.