TCFD (Task Force on Climate-related Financial Disclosures) is a global climate reporting framework that helps organisations disclose the risks and opportunities climate change poses to their business. It focuses on governance, strategy, risk management, and metrics including physical and transition risks.
You're preparing a climate report for a renewable energy company. Following TCFD guidance, you outline the physical risks to their solar farms including flood, wildfire, and heat stress exposure, and link these to financial planning and adaptation actions.
TCFD was the foundation for many current regulations, including CSRD and ISSB standards. Even where it's not legally required, investors and insurers increasingly expect companies to align with its structure. Platforms like EarthScan help address the physical risk component with science-backed, scenario-based insights.