The bottom line...
By embracing the TCFD framework and staying updated with ISSB requirements, businesses can enhance their resilience, transparency, and long-term value creation.
But where do you start?
The ISSB aims to revolutionise the way companies report on sustainability issues, including climate-related risks and opportunities. In 2023, the ISSB took responsibility for TCFD reporting. Although the TCFD framework was already frequently being used as a baseline for establishing new standards, the takeover of responsibility by the ISSB brought about a shift towards TCFD requirements aligning with global standards of climate risk reporting.
The ISSB has set out with the goal of harmonising reporting standards and expanding disclosure areas to provide investors and stakeholders with the information they need to make informed decisions. They have incorporated the TCFD framework into the IFRS S1 and S2, their Sustainability Disclosure Standards, with a focus on clarity, consistency, and comparability.
Ready to take the next step in your TCFD reporting journey?
Visit our website to learn more about how our TCFD software can help you unlock the full potential of your sustainability reporting efforts.