2020年气候相关金融信息披露 - TCFD（英文版）（38页）.pdf

1、Task Force on Climate-related Financial Disclosures Overview 4 2 The Need for Climate-Related Financial Disclosure 3 Potential Financial Implications of Climate Change 5 The Task Force on Climate-related Financial Disclosures 7 Demand for Climate-Related Financial Disclosure 11 Climate-Related Risks

2、 and Opportunities 13 The TCFD Recommendations 17 TCFD Recommended Disclosures 19 Guidance on Implementing the TCFD Recommendations 23 Sector-Specific Supplemental Guidance 25 Implementing the TCFD Recommendations 27 Benefits of Implementation 29 Select Resources on the TCFD Recommendations 31 TCFD

3、Supporters 33 Overview of the TCFD 2019 Status Report 35 Examples of Public Sector Developments 37 Contents 3 The large-scale and complex nature of climate change makes it uniquely challenging, especially in the context of economic decision making. Further, many companies have incorrectly viewed the

4、 implications of climate change to be relevant only in the long term and, therefore, not necessarily relevant to decisions made today. Those views, however, are changing as more information becomes available on the potential widespread financial impacts of climate change. In December 2019, Bank of E

5、ngland Governor Mark Carney noted that “changes in climate policies, new technologies and growing physical risks will prompt reassessments of the values of virtually every financial asset.” Companies and providers of capital, therefore, should consider their longer-term strategies and most efficient

6、 allocation of capital in light of these changes. Organizations that invest in activities that may not be viable in the longer term will likely be less resilient to the transition to a lower-carbon economy and their investors will likely experience lower returns. Compounding the effect on longer-ter