Four TCFD pillars

    ESG & Governance

    The four headings under which climate and sustainability risks are disclosed: governance, strategy, risk management, and metrics and targets.

    The pillars come from TCFD's 2017 recommendations. Governance covers board and management oversight. Strategy covers risks, opportunities, their effects and resilience under scenarios. Risk management covers how risks are identified and managed. Metrics and targets covers emissions, other measures and goals. The same structure is used by IFRS S1 and S2, TNFD and RBI's draft framework, so it is the most common layout of climate disclosures worldwide.

    Related terms

    TCFD (Task Force on Climate-related Financial Disclosures)IFRS S1IFRS S2TNFD (Taskforce on Nature-related Financial Disclosures)

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    From the research

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