EMACC7 TCFD updated timeline
CJBS Digital Learning
Created on February 5, 2024
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Transcript
October 2021
The UK announces it will make TCFD mandatory for over 1,300 firms.
June 2021
G7 finance ministers publicly support “moving towards mandatory climate-related financial disclosures”.
TCFD early adoption to incorporation within ISSB
March 2021
IASB announces the strategic direction of a new International Sustainability Standards Board.
April 2022
Over 1,300 of the UK's largest companies and financial institutions were required to disclose climate-related risks and opportunities in line with the TCFD recommendations.
The FSB announces work with the TCFD has been completed. ISSB's Standards mark the culmination of work.
April 2023
January 2024
IFRS Foundation welcomes culmination of TCFD work and transfer of TCFD monitoring responsibilities to ISSB