Introduction
01
Financial markets need better, more comparable and complete information about climate change.
The Task Force on Climate-related Financial Disclosures (TCFD) aims to address this issue through their Recommendations, designed to help companies disclose climate-related financial risks and opportunities. To support the implementation of the recommendations, WBCSD and the TCFD work together with member companies on key questions, challenges and development opportunities.
The challenge
02
One of the essential functions of financial markets is to price risk to support informed, efficient capital-allocation decisions.
Accurate and timely disclosure of operating and financial results are fundamental to this. Yet, one of the most significant, and perhaps most misunderstood, risks that organizations face today relates to the physical and transitional impact of climate change.
The business case
03
Consistent, comparable and reliable information will improve how climate-related risks are assessed, priced and managed.
Companies can more effectively measure and evaluate their risks and act on opportunities; investors can make informed capital allocation decisions; and lenders, insurers, underwriters will be better able to evaluate their risks and exposure over the short, medium, and long-term.
The solution
04
We bring leading companies together to discuss disclosure practices, work that’s needed to enhance disclosure effectiveness and implement the TCFD recommendations.
We help members shape and prepare for anticipated regulatory requirements and develop strategic scenario and resilience assessment techniques. We have worked with priority sectors including Oil & Gas, Electric Utilities, Chemicals, Construction & Building Materials, Autos & Food, Agriculture and Forest Products. We now have cross sector groups and a focus on the energy and land systems.
Transition planning and climate scenario analysis: Food, Agriculture and Forest Products
13 February, 2023
Climate Scenario Analysis Reference Approach
1 February, 2023
Climate scenario analysis and application guide
29 November, 2022
CLP Reports Its Journey Towards A Net-Zero Future And Resilient Operations
14 March, 2023
WBCSD welcomes ISSB Standards and launches a Preparer Forum for Sustainability Disclosure
26 June, 2023
WBCSD updates the climate scenario analysis tool for companies to leverage in their climate-related financial disclosures
31 March, 2023