TCFD Reporting
For UK Businesses

The Task Force on Climate related Financial Disclosures (TCFD) will make carbon reporting mandatory for your UK business. We are here to help.

TCFD Reporting

What is TCFD Reporting?

In 2017, the Task Force on Climate-related Financial Disclosures (TCFD) released a number of recommendations on climate-related financial disclosures to provide financial markets with clear, comprehensive and high-quality information on the impact of climate change.

The information helps investors gain an understanding of how reporting organisations think about and assess climate-related risks and opportunities. Moreover, it provides guidance to assist all businesses in developing climate-related financial information that is consistent with the recommended disclosures.

TCFD Reporting

Why should you act now?

Carbon reporting is already mandatory today
Large companies in the UK already have 
to report emissions - the TCFD will apply 
to even more businesses
Adapt quickly and save millions of pounds
Carbon reporting helps you increase efficiency and can significantly reduce operational costs
Demonstrate impact and win the war for talent
Two thirds of young talents would rather 
work for companies with a strong 
sustainability agenda
TCFD Reporting

Is TCFD Reporting Mandatory?

From April 2022 onwards, TCFD reporting will become mandatory for around 480 premium listed companies and more than 1,500 UK registered companies with more than 500 employees and more than £500m in annual turnover.

Organisations affected by that mandate will be required to list in their annual report whether their disclosures are consistent with the recommendations of the TCFD.

Recommendations

TCFD Recommendations

The TCFD has developed 4 recommendations on climate-related financial disclosures that are applicable to organisations across a range of sectors:

Governance

Disclose the board’s and management’s role in assessing and managing climate-related risks and opportunities

Strategy

Disclose the actual and potential impact of climate-related risks and opportunities for the organisation

Risk Management

Disclose how climate-related risks get identified, assessed, and managed by the organisation

Metrics & Targets

Disclose the metrics and targets 
that are used to assess and manage relevant climate-related risks

TCFD Requirements

What are the TCFD Reporting Requirements?

Who?

Premium Listed Companies.

Standard Listed Companies.

Traded companies with >500 employees or Public Interest 
Entities (PIEs).

UK registered Co. and LLPs with >500 employees and a 
turnover of >£500m.

UK registered Co. with securities admitted to AIM (>500 employees).

What & How?
  • Climate-related disclosures must be aligned with all 4 TCFD recommendations, including Metrics and Targets (all Scope 1 
and 2 emissions, Scope 3 when applicable).
  • Disclosure on a “comply or explain basis”.
  • Including a detailed Compliance Statement.
  • Climate-related disclosures must be aligned with all 4 TCFD recommendations, including Metrics and Targets (all Scope 1 
and 2 emissions, Scope 3 when applicable).
  • Disclosure on a “comply or explain basis”.
  • Including a detailed Compliance Statement.