TCFD and CDSB Launch Knowledge Hub to Help Organizations Implement the TCFD Recommendations

NEW YORK, May 9, 2018 /3BL Media/ – Today the Task Force on Climate-related Financial Disclosures (TCFD) and the Climate Disclosure Standards Board (CDSB) announced the launch of the TCFD Knowledge Hub – a platform with relevant insights, tools and resources to help organizations implement the TCFD recommendations – at the TCFD U.S. Scenario Analysis Conference in New York. The TCFD Knowledge Hub, live at tcfdhub.org, is the first online platform to provide useful information on quality climate-related disclosures in line with the recommendations of the Task Force. At the time of its launch the Knowledge Hub houses over 300 resources submitted by 32 contributors. Eighty of the resources cover governance, 236 strategy, 152 risk management and 125 metrics & targets with many resources covering more than one topic specifically. Contributors range from non-profit organizations to intergovernmental institutions, academics, industry associations, consultants and corporates. The Knowledge Hub website is operated by CDSB, which reviews all resource submissions.

Click here to read the full press release. 

The Task Force, led by Michael R. Bloomberg and established by the Financial Stability Board (FSB), which is chaired by Bank of England Governor Mark Carney, developed voluntary recommendations on climate-related information that companies should disclose to help investors, lenders, and others make sound financial decisions. The Task Force’s recommendations will catalyze more consistent, comparable, and reliable disclosure of climate-related information that will facilitate more informed business and investment decision-making. These disclosures are an important step forward in enabling market forces to drive efficient allocation of capital and support a smooth transition to a low-carbon economy.

Click here to read Bloomberg's Impact Report, which incorporates the TCFD recommendations for the first time.