Recommendations of the Task Force on Climate-related Financial Disclosures

The report by the Task Force on Climate-related Financial Disclosures (TCFD) presents the final recommendations for voluntary, climate-related disclosures. The TCFD was established by the Financial Stability Board on request of G20 finance ministers and the Central Bank Governors, which is why the report is presented at the G20 summit in Hamburg in July 2017. The TCFD already published draft recommendations in December 2016. After obtaining industry and other public feedback, the recommendations were finalised. The recommendations shall help organisations to identify and disclose information needed by investors, lenders, and insurance underwriters to appropriately assess and price climate-related risks and opportunities. The TCFD recommends providing this information in the mainstream annual financial filings. The recommendations are framed around the thematic areas of governance, strategy, risk management, and metrics and targets.

More information on the website of the TCFD.


  • Climate finance
  • Economy & Carbon markets
  • Impacts, Risk & Adaptation


  • Carbon risk
  • Climate finance
  • Fossil fuels
  • Investments
  • Low-carbon investments