Under the newly adopted “Ordinance on Climate Disclosures,” Swiss public companies, banks and insurance companies will be required to provide reporting based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). bloom.bg/3uAwci5

The TCFD has become ‘the most powerful tool,’ for bankers to drive climate action across their client base, because it enables them to ‘talk a language that the board can really understand,’ declared senior banker Tara Schmidt today. bloom.bg/3UBvsnq

'It’s not a particularly surprising result that the number of companies reporting their exposure to climate risks in line with the TCFD recommendations has increased significantly from 2015 to 2022.' bloom.bg/3tOmCrJ

The Biden-Harris Administration proposed a rule to require major Federal contractors to publicly disclose climate-related financial risks. The rule leverages widely-adopted third party standards and systems, including TCFD recommendations. bloom.bg/3EkbAPV

Did you know? We now have more than 4,000 supporters around the world! Become a #TCFD supporter today: bloom.bg/3hkw42V

Ready to implement our climate-related disclosure recommendations? Start here with Workshops in a Box: bloom.bg/3TYlgG0

Learn how your company can adopt the TCFD's
recommendations on disclosing climate-related information in financial filings: bloom.bg/3TVV0Mf

92 of the 100 largest public companies either support the TCFD, report in line with #TCFDRecs , or both – up from 83 last year. Learn more: bloom.bg/3sqJRHq

The average number of TCFD recommended disclosures addressed per company has grown by an average of 32% annually since 2017 — increasing from 1.4 to 4.2 over the past five years. Learn more: bloom.bg/3F18imf

'We ... encourage all participants to pursue a more constructive cooperation towards a practical, flexible and interoperable global baseline that can also be incorporated in more ambitious disclosure requirements' Via Treasury Department bloom.bg/3CSnEXE

Read our full 2022 Status Report here: bloom.bg/3VHFdSM

'While the average number of recommended disclosures addressed per company has steadily increased each year – from 1.4 in 2017 to 4.2 in 2021 – there are only about 4 per cent of companies under review disclosing all 11 recommendations.' bloom.bg/3TwXcty

This year’s Status Report shows there are nearly 4,000 TCFD supporters globally, with 1,300+ pledging their support in the last year alone. These supporters span 101 countries and have a combined market capitalization of >$26 trillion. bloom.bg/3TqocuG

'Regulators view comprehensive and rigorous disclosures as key to helping economies meet net zero targets, while stamping out 'greenwashing' and preventing companies from playing down the impact of climate change on their bottom line.' bloom.bg/3S2AYyl

NEW: Our 2022 Status Report highlights significant adoption and support of our recommendations. In 2021, 80% of companies disclosed in line with at least 1 of our 11 #TCFDRecs . Learn more: bloom.bg/3CWnboN

Gain insight into the TCFD’s recommendation on disclosing climate-related metrics and targets. Discover our latest Workshop in a Box presentation here: bloom.bg/39trTOQ

In our latest Workshop in a Box, we describe the Risk Management recommendation and considerations for companies in disclosing the processes by which they identify, assess, and manage their climate-related risks. Learn more: assets.bbhub.io/company/sites/…

Explore our latest Workshop in a Box. This presentation covers the Strategy recommendation for companies in disclosing the actual and potential impacts of climate-related risks and opportunities on their businesses. Learn more: bloom.bg/3mn1EMZ

Discover the TCFD Workshops in a Box series. In this presentation, we discuss the Governance recommendation and considerations for companies in disclosing their governance around climate-related risks and opportunities. Learn more: assets.bbhub.io/company/sites/…