Welcome to the final part of our guide to the experiences of
schemes that published Task Force on Climate-Related Financial
Disclosures (TCFD) reports in 2022.
In part one, Governance is king, we
outlined some of the key findings from TPR's review, along with
more detail on the governance aspects of the reports.
In part two, The risky business of scenario
analysis, we dove into the reports' often-complex
strategy, scenario analysis and risk management sections.
In part three, we will discuss the metrics and
targets section of the reports before concluding and setting out
what we think schemes of all sizes should do next.
Metrics and targets
The requirements for this part of the report stated that schemes
must choose three climate metrics (although this has since been
increased to four). Popular metrics included measures of the
scheme's carbon emissions, carbon footprint and data quality
related to climate impact and risk for different types of
emissions.
