Though the recently-unveiled FSB Task Force on Climate-Related Financial Disclosure (TCFD) is currently voluntary in nature, Moody’s Investors Service believes the recommendations are likely to get substantial backing from large investors. Rahul Ghosh and colleagues at Moody’s said in their June 29 research note entitled “FSB Task Force Recommendations Will Lead to a Mainstreaming of Climate Disclosure Over Time” that they believe widespread adoption of the TCFD recommendations will facilitate quicker understanding of the impact of climate-related issues on credit analysis with a surge in Global Green Bond Issuance being one partial consequence.
Moody’s: TCFD recommendations will lead to standardized climate disclosures practices
The Financial Stability Board (FSB) established the TCFD in 2015 to develop recommendations for more effective climate-related...
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