Skip to content

Menu

LexBlog, Inc. logo
CommunitySub-MenuPublishersChannelsProductsSub-MenuBlog ProBlog PlusBlog PremierMicrositeSyndication PortalsAboutContactResourcesSubscribeSupport
Join
Search
Close

TCFD publishes 2022 Status Report

By Simon Lovegrove (UK) on October 13, 2022
Email this postTweet this postLike this postShare this post on LinkedIn

On 13 October 2022, the Task Force on Climate-related Financial Disclosures (TCFD) published its 2022 Status Report.

As part of its assessment, the TCFD reviewed publicly available reports of over 1,400 companies from eight industries and five regions to better understand current climate-related financial disclosure practices and their evolution.

Key takeaways from the report include:

  • The percentage of companies disclosing TCFD-aligned information continues to grow, but a more urgent process is needed.
  • All regions have significantly increased their levels of disclosure over the past three years.
  • A majority of asset managers and asset owners report to their clients and beneficiaries.
  • Nearly 50% of asset managers and 75% of asset owners reported information aligned with at least five of the 11 recommended disclosures.
  • The percentage of companies disclosing the TCFD recommendations in financial filings or annual reports has increased each year.
  • The availability and quality of climate-related financial disclosures has increased since June 2017.
  • Investors and others use disclosures in decision-making and pricing.

Over the next several months, the TCFD will continue to monitor companies’ progress in disclosing climate-related financial information aligned with its recommendations and will prepare another status report for the Financial Stability Board in October 2023.

Photo of Simon Lovegrove (UK) Simon Lovegrove (UK)
Read more about Simon Lovegrove (UK)Email
  • Posted in:
    Financial, International
  • Blog:
    Financial services: Regulation tomorrow
  • Organization:
    Norton Rose Fulbright
  • Article: View Original Source

LexBlog, Inc. logo
Facebook LinkedIn Twitter RSS
Real Lawyers
99 Park Row
  • About LexBlog
  • Careers
  • Press
  • Contact LexBlog
  • Privacy Policy
  • Editorial Policy
  • Disclaimer
  • Terms of Service
  • RSS Terms of Service
  • Products
  • Blog Pro
  • Blog Plus
  • Blog Premier
  • Microsite
  • Syndication Portals
  • LexBlog Community
  • 1-800-913-0988
  • Submit a Request
  • Support Center
  • System Status
  • Resource Center

New to the Network

  • Internet, IT & e-Discovery
  • P3 For Texas
  • DSE Advisors
  • Innocelf Knowledge
  • Labor & Employment Blog
Copyright © 2023, LexBlog, Inc. All Rights Reserved.
Law blog design & platform by LexBlog LexBlog Logo