Taking action to support the TCFD Recommedations

DescripClimate change is one of the largest economic risks the world faces today. Companies are or will be affected by the transition to a low carbon economy and the physical impacts of climate change.

The TCFD recommendations provide a framework for disclosing climate related risks and opportunities, going beyond current practices in two significant ways:

1.Inclusion in mainstream financial filings; and

2.Using scenario analysis to inform business strategy.



Consistent adoption of the recommendations will lead to:

· Effective measurement and improved company resilience;

· Informed decisions by investors; and

· Better evaluation of risks and exposures by lenders, insurers and underwriters.

A4S is encouraging three groups to sign statements of support towards the recommendations of the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD):

· CFOs

· Accounting Bodies

· Chairs of Pension Funds

A4S are encouraging more CFOs, Accounting Bodies and Chairs of Pension Funds to sign the statements of support.

A4S are also working to ensure that workshops are delivered to help adopt the recommendations.

To register your interest in signing or attending the workshops go to www.accountingforsustainability.org/tcfd