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ClientEarth response to TCFD Consultation on Proposed Guidance on Climate-related Metrics, Targets, and Transition Plans
The Task Force on Climate-related Financial Disclosures (“TCFD”) consulted on introducing additional guidance on metrics, targets, and transition plans, including updating the guidance in its 2017 Final Report which set out the TCFD’s recommendations. Notably, the proposed guidance would introduce recommendations for organisations to disclose transition plans for the first time.
ClientEarth welcomes the additional guidance being introduced by the TCFD on metrics and targets, and strongly supports the introduction of recommendations to disclose transition plans. However, in this document we propose a number of amendments to the TCFD’s proposals: