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CDSB Highlights Limited TCFD Compliance, Calls for Further NFRD Reforms

Lack of progress on climate-related disclosures means TCFD recommendations should be “explicitly” embedded 

Two thirds (68%) of large European firms are currently only partially compliant with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD), according to a new Climate Disclosure Standards Board (CDSB) report.   Released this week, ‘The State of EU Environmental Disclosure in 2020’ analyses climate-related disclosures by the 50 largest listed firms in the European Union, with a combined market capitalisation of US$3.5 trillion, under the EU Non-Financial Reporting…

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