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.
An important aspect of the Task Force’s recommendations is their inclusion in organizations’ mainstream (i.e., public) annual financial filings. In most G20 jurisdictions, public companies have a filings—including material climate-related information. The Task Force believes climate-related risks and opportunities are or could be
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