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Task Force on Climate-related Financial Disclosures
Section · Climate disclosure
TCFD climate disclosure
The Task Force on Climate-related Financial Disclosures framework — the four pillars that underpin UK SRS S2, now being superseded by the ISSB’s IFRS S2.
07 · The framework
Four disclosure pillars
Shared by TCFD · IFRS S2 · UK SRS S1/S2
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Governance
Board and management oversight of sustainability-related risks and opportunities.
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Strategy
Risks and opportunities, their effect on business model and planning — including scenario analysis.
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Risk management
How sustainability risks are identified, assessed and managed — integrated with wider risk processes.
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Metrics & targets
The numbers — including GHG Scope 1, 2 and 3 — and progress against targets.
UK SRSS1 / S2
Start here
All guides →Foundations
What is TCFD?
Explainer · 8 min
TCFD, in plain English
The framework, its origins, and why it underpins modern climate disclosure.
Framework
The four pillars
Guide · 7 min
The TCFD framework
Governance, strategy, risk management, and metrics and targets.
Requirements
TCFD requirements
Guide · 7 min
TCFD reporting requirements
What disclosure TCFD asks for, and the UK rules built on it.
UK
TCFD in the UK
Guide · 7 min
UK TCFD requirements
How TCFD applied to UK firms and the move to UK SRS S2.
Most read
This month →TCFD timeline
Full timeline →Tool
From TCFD to UK SRS S2?
Check which climate-disclosure obligations now apply to your entity as TCFD gives way to UK SRS S2.
Run the compliance checkRelated sections
All sections →Standards
UK SRS
The UK climate and sustainability regime that carries the TCFD pillars forward via S2.
IFRS / ISSB
IFRS S1 & S2
IFRS S2 consolidates and supersedes the voluntary TCFD recommendations.
ESG
ESG
The broader ESG picture the climate (environmental) pillar sits within.
Energy & carbon
SECR
The mandatory UK energy and carbon disclosures that sit alongside climate reporting.
About TCFD
The Task Force on Climate-related Financial Disclosures published its four-pillar recommendations in 2017.
They are now consolidated into the ISSB's IFRS S2, which the UK carries forward as UK SRS S2.
The TCFD recommendations, summarised
The TCFD recommendations are the task force's guidelines for climate-related financial disclosure, structured around four pillars — governance, strategy, risk management, and metrics and targets — as published by the Task Force on Climate-related Financial Disclosures.
That four-pillar structure continues largely unchanged in IFRS S2 and UK SRS S2.
For the full recommendations summary — what each pillar requires, and how the guidelines apply to UK-listed companies — see what TCFD is and the TCFD framework guide.
Authority sources
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Financial Conduct Authority