The Financial Stability Board (FSB) created the Task Force on Climate-related Financial Disclosures (TCFD) in 2015 to improve and increase reporting of climate-related financial information.

The TCFD has developed a framework to help public companies and other organizations more effectively disclose climate-related risks and opportunities through their existing reporting processes.

The Task Force’s 2023 Status Report describes companies’ progress in making climate-related financial disclosures and highlights some of the challenges they face in making such disclosures. It also describes the Task Force’s view of insights gained over the past eight years and areas that warrant continued focus or further work by others.

With the International Sustainability Standards Board’s (ISSB) inaugural standards having been released, the FSB announced in December 2023, that it considers the TCFD’s work complete and and that it has fulfilled its remit and disbanded. Concurrently, the FSB has therefore requested that the ISSB assume responsibility for monitoring progress on the state of climate-related financial disclosures by companies as of 2024.

Other publications

• Implementing the Recommendations of the TCFD
• Guidance on Metrics, Targets, and Transition Plans

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