Global / Voluntary framework
TCFD
Recommendations of the Task Force on Climate-related Financial Disclosures (FSB, June 2017)
Repealed2023-10-12Modified
Topic : Climate · Level : Sector-specific
Today
Task force disbanded Oct 2023; ISSB took over monitoring from 2024. Recommendations live on inside IFRS S2 and laws.
Summary
The TCFD set the four-pillar climate disclosure model in 2017. It disbanded in October 2023 and the ISSB now monitors climate disclosure. IFRS S2 fully incorporates its recommendations.
Who is concerned
- Turnover
- non précisé
- Employees
- non précisé
- Listed company
- non précisé
- Sectors
- All sectors
- Financial sector
- Triggering activities
- Laws still citing TCFD (e.g. UK, Egypt)
- Voluntary use
- Extraterritorial reach
- No
non précisé
- Examples
- UK-listed company (TCFD rules)
- Egyptian Tier 2 issuer
What the law requires
- Disclose climate governance, strategy, risk management
- Report metrics and targets incl. Scope 1-2
- Migrate to IFRS S2 where adopted
Penalties
None; set by laws that reference TCFD.
SUPPLIER INTELLIGENCE
What this changes for a supplier in China
No direct change. Buyers reporting under TCFD-based rules still ask for emissions and physical-risk data of supplier sites.
Expected evidence
- Scope 1-2 emissions
- Site location for physical risk
- Energy data
Tiers : Tier 1
Net Zero Pulse