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Consultation on corporate climate disclosure

On 24 March 2021, the Task Force On Climate Related Disclosure (TCFD) launched a consultation on corporate climate-related financial disclosures.

What does this mean to the end-user?

 

  • The consultation applies to publicly quoted companies, large private companies and limited liability partnerships (LLPs)
  • Disclosure would be based on the pillars that the TCFD recommended: governance, strategy, risk management, metrics and targets
  • The changes would affect reporting for accounting periods starting on or after 6 April 2022
  • The consultation asks for comment on which companies will be covered, the legislative basis for the requirements and the types of information that will be required
  • End users wishing to submit a response should do so by the deadline of 5 May 2021 The consultation, including details of how to respond, is available here.