Legal & Regulatory News

​TCFD publish consultation on proposed guidance on climate-related metrics, targets and transition plans

On 7 June 2021, the Task Force on Climate-related Financial Disclosures (TCFD) published a consultation on its 'Proposed Guidance on Climate-related Metrics, Targets and Transition Plans' (the Proposed Guidance) and the associated document 'Measuring Portfolio Alignment: Technical Supplement' (the Technical Supplement).

The Proposed Guidance provides general guidance for organisations seeking to establish relevant metrics, targets, and transition plans around their climate-related risks and opportunities, and also proposes specific changes to the guidance in the Annex to the TCFD 2017 final report (the TCFD 2017 Annex).

The TCFD will take the consultation responses into consideration when releasing final guidance in Autumn 2021.

The deadline for responses to the consultation is 7 July 2021.

Click here to access the consultation.

Click here to access the Proposed Guidance.

Click here to access the Technical Supplement.

Click here to access the TCFD 2017 Annex.