Converging on Climate Risk

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After extensive deliberation and discussion, the Task Force on Climate-Related Financial Disclosures (TCFD) issued its final recommendations in June 2017, marking an important turning point for the resilience of global financial markets. Recognizing that climate-related financial reporting is an emerging and evolving endeavor with few well-established best practices, the Task Force’s recommendations provide a foundation to improve the ability of markets to properly assess and price climate-related risks and opportunities. CDSB and the SASB’s approaches are already well-aligned with the recommendations of the Task Force and both organizations are furthering this harmonization, working to deliver a TCFD-ready framework to facilitate consistent, quality implementation.