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Established by the Financial Stability Board in December 2015 the Task Force on Climate-related Financial Disclosures (TCFD) is a group of 31 industry experts that developed recommendations for organizations to disclose climate-related risks and opportunities in their financial filings. The Task Force published its framework in its Recommendations report in late June 2017.
The Task Force is chaired by Michael R. Bloomberg. Its members are both users and preparers of financial disclosures (i.e. corporations and investors, respectively) and also include other experts from the accounting firms, rating agencies and stock exchanges. Task Force members are experts from companies with a market capitalization of more than $1.5 trillion and financial institutions with assets of over $20 trillion.
More information on the TCFD can be found at www.fsb-tcfd.org.