TCFD RECOMMENDATIONS* The maturity map is designed

to enable you to assess what

you are currently doing and
how you can advance to a
leading position. It considers
each element of the TCFD
In order to provide decision useful information about your climate related risks recommendations, providing
guidance on how to provide
and opportunities, what are you already disclosing in your financial filings? a full and comprehensive
response.
*those disclosures in bold are the specific recommendations made by the Task Force.

Disclosures in financial Limited disclosure of the TCFD Moderate disclosure of the TCFD Full disclosure of the TCFD
filings recommendations recommendations recommendations

Governance • The board’s oversight of climate-related risks and • A statement on how the board is actively considering • Capacity and competence of the board to respond to
opportunities. climate-related risks and opportunities on a regular climate-related risks and opportunities effectively.
• Management’s role in assessing and managing basis. • Climate-related risks and opportunities are integrated into
climate-related risks and opportunities. • Measures to increase board knowledge on climate standard board agendas.
• A published policy or commitment statement on climate related risks and opportunities such as compulsory • Full and clear consideration of physical, transition and
change. training or use of an expert advisory board. liability risks over short, medium and long term time
• A named individual or committee responsible for climate horizons.
change at board level. • Financial incentives for executives on progress towards
• Clear consideration of physical, transition and liability achieving short, medium and long term climate targets.
risks.
• Commitment to reducing or avoiding impact on, and
of, climate change, with short, medium and long term
targets.

Strategy • Operational greenhouse gas (GHG) emission reductions. • Climate-related risks and opportunities the • The potential impact of different scenarios, including
organization has identified over the short, a 4°C, a 2°C and a 1.5°C scenario, on the organization’s
medium, and long term. businesses, strategy, and financial planning.
• The impact of climate-related risks and • The organization’s internal carbon pricing strategy.
opportunities on the organization’s businesses, • Vocal advocacy for action on climate change and
strategy, and financial planning. collaboration with peers and other stakeholders to achieve
• Involvement in domestic and international efforts to change.
mitigate climate change.

Risk management • Acknowledgement of the need to assess and respond to • The organization’s processes for identifying and • How processes for identifying, assessing, and
climate-related risks. assessing climate-related risks. managing climate-related risks are integrated into the
• The organization’s processes for managing organization’s overall risk management.
climate-related risks.

Metrics and targets • Scope 1 and Scope 2 GHG emissions. • Scope 1, Scope 2 and, if appropriate, Scope 3 GHG • The metrics used to assess climate-related risks
emissions, and the related risks. and opportunities in line with strategy and risk
• Measurement methodologies for these are clearly management process.
defined and in line with recognised guidance. • The targets used to manage climate-related risks and
• The organization’s quantified targets to reduce GHG opportunities, including use of science based targets,
emissions in relative or absolute terms (Scopes 1, 2 and/ and performance against these targets.
or 3) and performance against these. • Assurance of reported GHG emissions under International
Standard on Assurance Engagements (ISAE) 3410,
Assurance Engagements on GHG Statements.

Beginner Intermediate Leader