HIGH-QUALITY, DATA-DRIVEN TCFD-ALIGNED DISCLOSURES
The Taskforce on Climate-Related Financial Disclosures (TCFD)
The UK Government will mandate TCFD-aligned disclosures for a growing number of organisations over the next three years, under its Green Finance Strategy. Not surprisingly, many companies are already choosing to publish TCFD-aligned disclosures in their annual reports voluntarily.
What is TCFD?The TCFD recommendations provide companies with a framework to share publicly how climate change impacts their strategy and operations and what actions they are taking to improve their response.
Why do TCFD-aligned disclosures matter?TCFD provides the investor community, lenders, insurers and other stakeholder with better guidance on the value of the company’s assets.
Will you need to comply?
From April 2022, the largest UK-registered companies and financial institutions will have to make climate-related financial disclosures in their mainstream annual reports.
Your organisation will need to comply if it is:
• AIM Listed Company with greater than 500 employees.
Private companies and LLPs that meet the following criteria
• £500M+ turnover and,
• 500+ employees
We believe that your utility partner should work as an extension of your business. That’s why we can provide an on-site contact that will work alongside you to ensure we fully manage all of your utility requirements.
BEIS estimate that it will cost the average company £88,000 a year to comply with the TCFD disclosure requirements.
However, by taking a data-driven approach, that is embedded within your organisation's strategy and operational processes, it can really become a lot more cost-effective.