The Surge in Climate Risk Reporting

Written by: Visual Capitalist
29 Mar 2022

The FSB Task Force on Climate-related Financial Disclosures (TCFD), created by the Financial Stability Board (FSB) in 2015, provides a global framework for companies and organizations to report on climate-related risks and opportunities.

Since 2018, the number of TCFD supporters has grown five-fold and as of 2021, over 1,000 FinancialInstitutions support the TCFD, representing $194 trillion in assets. The below graphic by Carbon Streaming Corporation charts the rapid growth in support for climate risk reporting under the TCFD framework.

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TCFD Status Report, 2021