In 2015 the Financial Stability Board (FSB) created the Task Force on Climate-related Financial Disclosures (TCFD).

Its aim was to create financial risk disclosures so that banks, investors and stakeholders could have reliable information on the exposure to climate-related risks and opportunities, and “strengthen the stability of the financial system, contribute to greater understanding of climate risks and facilitate financing the transition to a more stable and sustainable economy” (UNEP FI, 2022).

The TCFD has issued a Final Report on “Recommendations of the Task Force on Climate-related Financial Disclosures” on 2017 and has launched a number of pilot projects that would assist explore and evaluate physical and transition risks and develop best practices, frameworks and guidelines. Those projects included a large number of financial institutions and used climate scenario analysis.

Pilot projects for Banks, Insurers and Investors were launched and can be found below:

UNEP FI TCFD Banking Pilot Projects

UNEP FI TCFD Banking Pilot Projects – Resources

TCFD for Insurers

TCFD for Investors


TCFD has also developed a large number of publications on various climate related subjects such as:

Climate Change

Energy Efficiency

TCFD Publications

TCFD recommendations


TCFD related trainings that can be delivered Online or In person by UNEP FI

Details, agendas and presentations of various Webinars previously delivered by TCFD are also available at its website

Finally, a Knowledge Hub can assist any company find the assistance needed to implement TCFDs recommendations

TCFD Knowledge Hub