BusinessGreen talks to the Carbon Trust's Dominic Burbridge to explore how companies can practically use the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) to better understand and report on the climate risks and opportunities they face
Expectations are changing around how large companies report their climate change risks and opportunities. Investors, central banks, and governments are waking up to the fact that climate change could have a significant impact on the global economy and pose a systemic risk to financial stability. This means that companies across all sectors now need to demonstrate a more detailed understanding of these issues and improve their disclosures.
We spoke with the Carbon Trust's Dominic Burbridge to understand what this means in practical terms, especially for companies that are not highly exposed to climate change or operate outside of carbon-intensive sectors. He shares insights from the Carbon Trust's work with a range of large corporates across different industries, including FTSE100 and Fortune 100 companies, to explain how leaders are starting to adopt the recommendations of the TCFD to better meet investor expectations and unlock competitive advantage from acting on climate change.