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ARTICLE · 26 OCTOBER 2021

TCFD Implementation: The Shifting Landscape Of Climate Change Policy In North America

Borden Ladner Gervais LLP
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Over the last five years, there has been significant consolidation of climate change standards and reporting frameworks. In particular, the framework developed by the Task Force on Climate-related Financial Disclosure (TCFD)...

CanadaEnvironment
Kristyn Annis
Kristyn Annis
Michael Vandenberghe
Michael Vandenberghe
John Vellone
John Vellone
Jason Saltzman
Jason Saltzman
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Over the last five years, there has been significant consolidation of climate change standards and reporting frameworks. In particular, the framework developed by the Task Force on Climate-related Financial Disclosure (TCFD) has gained acceptance as the predominantly accepted global framework. The TCFD was established in 2015 at the direction of the Financial Stability Board to develop climate-related disclosures to promote more informed investment, credit and insurance underwriting decisions. Chaired by Michael Bloomberg and made up of 32 members, the TCFD published its recommendations (the TCFD Recommendations) in 2017. With the TCFD Recommendations receiving endorsements from several different countries and being referenced by governments, private sector entities, and securities regulators in North America, we expect the that the TCFD Recommendations will play a notable role in the future development of climate change policies in North America.

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