In pursuit of the global zero-emissions target for 2050, the CDP has prepared a temperature rating in order to avoid the worst effects of climate change.
The Rating Information Database, which is up-to-date and transparent, covers 4,000 companies, providing detailed analysis of their environmental goals and greenhouse gas emissions data.
Rating data allows users to perform a forward-looking assessment of the corporate risks associated with climate change.
The Climate Finance Disclosure Working Group (TCFD) produced the 2019 Status Report in June 2019.
Inspired by the IPCC report that was published around the same time, the Status Report lists the “necessary urgent and unprecedented changes to achieve the objectives of the Paris Agreement.” The Working Group prepared this report to review the current disclosure practices in terms of TCFD recommendations, highlight the main challenges associated with implementing them, and summarize some of the efforts that the TCFD will be considering in the coming months.
For the report, more than 1,000 large companies in various sectors and regions analysed their own reports over a three-year period. The TCFD also investigated companies’ efforts to implement TCFD recommendations and examined users’ views on the usefulness of climate-related financial information for decision-making.
The Climate Finance Disclosure Working Group (TCFD) published its “Final Report: Recommendations of the Climate-Related Financial Disclosure Task Force” in June 2017.
The TCFD believes that given the current environmental crisis, incorporating climate-related issues into key annual financial documents, practices will allow companies to evolve faster. The Group provides organizations with a framework for better climate-related financial disclosure that can be incorporated into their current reporting practices. In its annual report, the TCFD examines climate risks, opportunities and financial impacts, analyzes climate-related issues, navigates environmental solutions, and identifies key issues and areas for further consideration.
The CDP, or Climate Disclosure Project, is a non-profit organization that administers a global disclosure system allowing investors, companies, cities, states, and regions to manage their environmental impact.
In 2019, the CDP published a large-scale report entitled “Major risk or rosy opportunity.” Drawing from the latest data on climate change and 2018 company survey values, the CDP revealed the risks and opportunities that companies may face because of climate change and the potential financial implications thereof.