What are the TCFD recommendations? For years, there has been an increased demand from the capital market for reliable and comparable information from companies on the impact of climate change. For this reason, the G20 Finance Ministers established the Task Force on Climate-related Financial Disclosure (TCFD) in 2015. Since 2017, it has published recommendations to…
For companies who want to remain competitive it becomes increasingly important if not inevitable to report on GHG emission avoidance concerning all kinds of business operations. Investors, new political regulations, and other external stakeholders are demanding companies to disclose relevant information on their efforts to contribute towards climate change mitigation. This development is reflected in…
With the Paris Agreement of 2015, more than half of the global economy has committed to reducing greenhouse gas (GHG) emissions while investing efforts into the removal of GHG from the atmosphere. This is to meet the Paris Agreement goal of limiting temperature rise to “well below 2°C” as well as to ensure compliance with…
CDP as a key player in climate reporting and other areas of sustainability Extended Partnership: CDP stands for one of the longest established and largest initiatives for sustainability reporting taking supply chains into account. Launched almost twenty years ago as the Carbon Disclosure Project, CDP has successively expanded its collection of climate-related data to include water…
Schon seit 2014 berät die DFGE als offizieller Silver Climate Change Consultancy Partner von CDP Unternehmen, wenn es darum geht, regel-konform an Nachhaltigkeits-Reportings teilzunehmen. Die starke Partnerschaft wird erneut für zwei Jahre verlängert. Die DFGE bleibt CDP Partner für die Einreichung bei der Science-based Targets Initiative und die Erfüllung der Task Force on Climate-related Financial…
End of March the US Securities and Exchange Commission (SEC) released its proposed rules to enhance and standardize climate-related disclosures for publicly traded companies. The proposed regulations go hand in hand with the increasing importance of climate-related issues on the capital markets thus rising transparency requirements. In this blog post, we will give you a…
Growing pressures from governments, as seen through i.e. the ‘Paris Climate Agreement’ have led to the implementation more holistic and serious climate strategies across businesses. This awareness increase was partially driven by the assessment published by the Intergovernmental Panel on Climate Change (IPCC), which included scientific evidence on the existence of climate change and established…
The Task Force on Climate-related Financial Disclosures, short TCFD, announced just a few months ago that it is now supported by more than 1,000 organizations. This implies a significant shift among market actors towards the acknowledgement that climate change can pose major financial risks to organizations. TCFD supporters now have a combined market capitalization of…
Am 25. Februar 2020 wurden im beindruckenden Ambiente des Ministeriums für Europa und Äußeres in Paris die CDP Europe Awards verliehen. Die Preisverleihung wurde von verschiedenen Panels und Impulsvorträgen rund um das Thema Klima und damit verbundenen Chancen und Risiken flankiert. Neben Repräsentanten von verschiedenen europäischen Großunternehmen waren auch CSR-Experten und Vertreter aus Politik und…
The first TCFD report In 2017, the first TCFD report has been released. This covered the basic recommendations for implementation. Now, in June 2019, their second status report has been published. It focussed on the status quo and the implementation amongst companies. TCFD, the Taskforce for Climate-related Financial Disclosure, published a first report with the framework for…
