The TCFD Consortium has published „TCFD Guidance 3.0 Case Examples“

On 31 January 2023, the Task Force on Climate-related Financial Disclosures (TCFD) published Case Examples supplementing its Guidance on Climate-related Financial Disclosures 3.0 (TCFD Guidance 3.0).
Back on 5 October 2022, the TCFD Consortium announced the release of the Guidance on Climate-related Financial Disclosures 3.0, with an aim of increasing corporate value and increasing the activity of financial and capital markets through the effective use of TCFD, especially for companies considering disclosure in the future. In TCFD Guidance 3.0, the commentary on TCFD disclosure has been thoroughly revised based on the results of the TCFD Consortium’s discussions and the latest knowledge from publications from TCFD and others. In addition, the latest trends have been included as addendums. In order to improve in content as well as keeping it compact, the sector-specific recommended disclosures section is published in a separate volume.
In addition, case examples were announced to be presented separately. These case examples of disclosure based on TCFD recommendations have now been published, and are divided into 5 groups:
– GOVERNANCE
Exemplary TCFD disclosures on governance are shown in this chapter. Emphasis is placed on including climate change on the board’s agenda and climate change being on the agenda of dedicated committees.
– STRATEGY
Exemplary TCFD disclosures on strategy are shown in this chapter. In addition to the three recommended disclosures by TCFD, examples of disclosures on transition plans and innovation as items to watch in recent years are shown in this chapter.
– RISK MANAGEMENT
Exemplary TCFD disclosures on risk management are shown in this chapter (with examples, among others, of Schlumberger, BNP Paribas or Hitachi).
– METRICS AND TARGETS
Exemplary TCFD disclosures on Metrics and Targets are shown in this chapter, with emphasis on greenhouse gas emissions, remuneration, and financial institution metrics which are subjects of considerable discussion in recent disclosures, as well as company-specific metrics and targets.
– OTHER
Exemplary disclosures of companies’ climate change responses in line with TCFD recommendations; of companies with diverse business models with a variety of risks and opportunities for climate change; of objectives for responding to climate change; and in various media are shown in this chapter.