Transcription of Implementing the Recommendations of the Task Force on ...
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Task Force on Climate-related Financial Disclosures Implementing the Recommendations of the Task Force on Climate-related Financial DisclosuresOctober 2021 This document updates and supersedes the 2017 annex " Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures" Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures i Contents A. 3 1. Background .. 3 2. Structure of Recommendations .. 6 3. Application of Recommendations .. 7 4. Assessing Financial Impacts of Climate-Related Risks and Opportunities .. 9 5. Summary of additional Supporting Materials .. 12 B. Recommendations .. 14 C. Guidance for All Sectors .. 17 1. Governance .. 17 2. Strategy .. 18 3. Risk Management .. 20 4. Metrics and Targets .. 21 D. Supplemental Guidance for the Financial Sector .. 24 1. Banks .. 25 2. Insurance Companies.
Summary of Additional Supporting Materials. The Task Force updated this Annex to incorporate content from and references to these additional publications to reflect the evolution of disclosure practices and better support organizations’ implementation efforts. The substantive updates to the Annex are summarized in Table 1. The Task Force has not
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