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    Frameworks and Standards

    What is TCFD?

    The Task Force on Climate-related Financial Disclosures provides recommendations for companies to disclose climate-related risks and opportunities. TCFD reporting is becoming mandatory for large UK companies.

    Why it matters

    TCFD-aligned reporting is now mandatory for the UK's largest companies and pension schemes. While SMEs are not directly required to report under TCFD, the framework's influence on supply chain requirements and investor expectations is growing.

    Example

    A mid-market manufacturer includes a TCFD-aligned section in its annual report, disclosing physical risks from flooding at its main warehouse and transition risks from rising carbon costs in its supply chain.

    Related terms

    Sustainability Reporting

    The practice of disclosing an organisation's environmental, social, and governance performance. Sustainability reports help stakeholders understand a company's impact and progress towards sustainability goals.

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