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 has served as a foundational framework for many current sustainability disclosure requirements, influencing both regulations like the CSRD and standards such as those issued by the ISSB.
Even where TCFD alignment isn’t legally mandated, investors and insurers increasingly expect companies to follow its structure. Platforms like Disclose support this by addressing the physical risk component with science-backed, scenario-based insights.