Overview of the TCFD

The TCFD 2022 Overview Booklet provides an authoritative, high‑level summary of the work, rationale, and global impact of the Task Force on Climate‑related Financial Disclosures (TCFD).

It explains why climate change constitutes a systemic financial risk and outlines the growing need for consistent, decision‑useful climate‑related financial disclosure to support investors, lenders, insurers, and regulators.

The document describes the TCFD’s industry‑led origins under the Financial Stability Board, its globally adopted recommendations, and the four‑pillar disclosure framework covering Governance, Strategy, Risk Management, and Metrics & Targets.

It highlights how climate‑related physical and transition risks can affect revenues, assets, liabilities, and access to capital, while also identifying opportunities arising from the transition to a low‑carbon economy.

The booklet also summarizes implementation guidance, sector‑specific considerations, and the benefits of adoption, including improved risk management, strategic resilience, and capital market confidence.

Finally, it documents the rapid global uptake of TCFD‑aligned reporting, its integration into regulatory and standard‑setting initiatives, and its role as a foundational framework informing emerging mandatory sustainability and climate disclosure regimes worldwide.