UK premium listed companies with reporting periods beginning on or after 1 January 2021 are now required by the Financial Conduct Authority (FCA) to adopt TCFD reporting in their annual report. The requirement will be rolled out more widely from the following year onwards. For those preparing to report against TCFD recommendations for the first time, it is all about being on a journey where more detailed disclosures can be added over time, for instance with reference to scenario analysis or a company’s supply chain.
You can listen to our interview with Simon Weaver, Co-Head of Climate Risk and Decarbonisation Strategy at KPMG below.
You can also download our briefing guide for UK-listed companies starting out on their TCFD reporting journey by completing the form below. With contributions from Berkeley Group, Britvic, Severn Trent, KPMG and the FRC's Financial Reporting Lab, the guide outlines:
- what level of detail is initially required to comply
- what new information is likely to be required
- what 'good' looks like
- summary recommendations
- proposed next steps.
To download the paper, please complete the form below.