Guest Blog: Planning a Successful Task Force on Climate-related Financial Disclosures Project
Guest Blog: Greg Rogers: Author, attorney, CPA and entrepreneur working at the intersection of law, accounting and the environment. Author of Financial Reporting of Environmental Liabilities & Risks after Sarbanes-Oxley (Wiley 2005). Founder of LinkedIn Group on Climate-Related Financial Disclosure. Originally published here. As the recommendations of the Financial Stability Board’s (FSB’s) Task Force on Climate-related Financial Disclosures (TCFD) continue to gain support, managers of leading global corporations are starting to plan for enhanced climate disclosure. Climate-related financial disclosures, especially those explicitly considering alternative climate scenarios, are entirely new. And like anything new, there is confusion about ends and means—objectives and process. Best practices are not yet well defined, and there are many potential pitfalls. Avoid wasted time and resources by following this brief guide on how to design and implement a successful TCFD pro...