FSB announces additional members to its Task Force to develop climate-related financial disclosures
20 May, 2016
The Financial Stability Board (FSB) has announced additional members to the Task Force on Climate-related Financial Disclosures (TCFD).
The TCFD was set up to develop “voluntary, consistent climate-related financial disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders”.
The TCFD issued its first report in April 2016. The additional members will work on Phase 2. During this phase the TCFD will “seek to develop a set of recommendations for consistent, comparable, reliable, clear and efficient climate-related disclosures”.
The TCFD will present a final report for consultation by the end of December.
The press release is available on the FSB website.
