Task Force On Climate Related Financial Disclosures
The Task Force on Climate-related Financial Disclosures (TCFD), headquartered in the United States, is a pivotal initiative aimed at enhancing transparency in climate-related financial risks. Established in 2015, the TCFD has made significant strides in promoting consistent climate-related financial disclosures across various industries, enabling stakeholders to make informed decisions. Operating primarily in the financial services sector, the TCFD focuses on developing recommendations that guide companies in disclosing climate-related risks and opportunities. Its unique framework encourages organisations to integrate climate considerations into their financial reporting, fostering a more sustainable economy. The TCFD's influence is evident in its widespread adoption by businesses and investors globally, positioning it as a leader in climate finance and accountability.
DitchCarbon Score
How does Task Force On Climate Related Financial Disclosures's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Research Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Task Force On Climate Related Financial Disclosures's score of 38 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Task Force On Climate Related Financial Disclosures's reported carbon emissions
In 2023, the Task Force on Climate-Related Financial Disclosures (TCFD) reported total carbon emissions of approximately 25,125,000,000 kg CO2e. This figure includes Scope 1 emissions of about 1,269,000,000 kg CO2e, Scope 2 emissions of approximately 5,052,000,000 kg CO2e, and Scope 3 emissions of about 8,638 kg CO2e. Over the years, TCFD has shown a trend in emissions, with total emissions recorded at approximately 21,634,000,000 kg CO2e in 2022, 8,219,000,000 kg CO2e in 2021, and 9,684,000,000,000 kg CO2e in 2020. Notably, the organisation has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. The TCFD's commitment to addressing climate-related financial risks is evident, although specific reduction strategies or pledges have not been outlined. The organisation operates within a global context, emphasising the importance of transparency in climate-related disclosures to enhance understanding and action on climate change impacts across various sectors.
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Add to project| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,960,000 | 0,000,000 | 00,000 | 0,000,000,000,000 | 0,000,000,000,000 | 0,000,000,000,000 | 0,000,000,000,000 |
| Scope 2 | - | - | 00,000 | 00,000,000 | 00,000,000 | 00,000 | 00,000 |
| Scope 3 | 7,000,000 | 0,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Task Force On Climate Related Financial Disclosures is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
