About TCFD
About TCFD
TCFD refers to the Task Force on Climate-related Financial Disclosures, established by the Financial Stability Board (FSB)* at the request of G20 with Michael Bloomberg as its chairman, to examine how climate-related information should be disclosed, and how should financial institutions respond. TCFD published its final report in June 2017, and recommends companies to disclose items related to climate change-related risks and opportunities.
*An international body comprised by finance ministries and central banks, which monitors the global financial system.
TCFD Final Report
Links
Guidance on Metrics, Targets, and Transition Plans (Japanese) [PDF]
The TCFD Consortium announces the release of "Guidance on Climate-related Financial Disclosures 3.0 (TCFD Guidance 3.0)"
Ministry of Economy, Trade and Industry: “Guidance on Disclosure of Climate-related Financial Information (TCFD Guidance)”
In August 2018, the Ministry of Economy, Trade and Industry convened the “Study Group on Implementing TCFD Recommendations for Mobilizing Green Finance through Proactive Corporate Disclosure“ , and in December of that year has published the “Guidance on Climate-related Financial Disclosures (TCFD Guidance)” to provide explanations and useful examples, as well as to provide “viewpoints” that show the initiatives undertaken by companies in various industries.
METI Formulates TCFD Guidance and Declares its Support for TCFD
“Guidance on Climate-related Financial Disclosures (TCFD Guidance)” (English) [PDF]
“Guidance on Climate-related Financial Disclosures (TCFD Guidance)” Overview (English)[PDF]
Ministry of the Environment: “Practical guide for Scenario Analysis in line with TCFD recommendations"
The Ministry of Environment（MOE） started the support program for companies to analyze their own climate risks and opportunities in line with the TCFD recommendations in August 2018. In the program, MOE selected 6 Japanese companies by focusing on the sectors with the highest likelihood of climate-related financial impacts.
Based on the knowledge and experience through the program, MOE released the practical guide for scenario analysis in line with TCFD recommendations.
MOEJ releases "Practical guide for Scenario Analysis in line with TCFD recommendations"
Practical guide for Scenario Analysis in line with TCFD recommendations (English) [PDF]
Practical guide for Scenario Analysis in line with the TCFD recommendations 2nd edition [PDF]
Practical guide for Scenario Analysis in line with the TCFD recommendations 3rd edition [PDF]
Companies and organizations which expressed support for TCFD
TCFD publishes organizations that support its objective of proactively disclosing financial information on climate change. Globally, 4,925 companies and institutions, including financial institutions, have expressed support for TCF, which includes 1,488 companies and other organizations in Japan (as of 24 November 2023).
*Following the culmination of TCFD, the supporter diagrams will no longer be updated after November 2023
Source:Japan TCFD Consortium based on data from TCFD website
Source:Japan TCFD Consortium based on data from TCFD website