FSB Task Force on Climate-related Financial Disclosures (TCFD)

The Task Force on Climate-related Financial Disclosures (TCFD) was created in 2015 by the Financial Stability Board (FSB) to improve and increase reporting of climate-related financial information. Its mission was to develop voluntary, consistent climate-related financial risk disclosures for use by companies, banks, and investors in providing information to their stakeholders. In 2017, the TCFD released its final recommendations, which serve as a globally recognized framework for this purpose. After successfully completing its mandate, the TCFD published its final status report in October 2023 and was disbanded. The FSB has since requested that the IFRS Foundation’s International Sustainability Standards Board (ISSB) take over the monitoring of the progress of companies' climate-related disclosures.