Have you been feeling the heat these past few weeks? That's not just due to the summer sun, but also climate change. Unfortunately, it's a reality that we are all facing.
Heatwaves are now almost three times as likely as they were in the 1960s. These changes have far-reaching consequences, not only for our planet but also for businesses worldwide.
One of the ways businesses are being encouraged to tackle climate change is through the Task Force on Climate-related Financial Disclosures (TCFD). Sounds complicated? Don't worry, we'll explain it to you.
TCFD
The TCFD was established to help businesses understand how climate change could affect their operations. It proposes four overarching recommendations. These recommendations are aimed at governance (who makes the decisions?), strategy (what is your plan?), risk management (how do you deal with problems?) and metrics and targets (how do you measure success?). Think of it as a checklist for sustainable business.
Also for SMEs
Although the TCFD requirements primarily apply to listed companies and large asset owners, they are also important for SMEs and really any business. According to the Confederation of British Industry (CBI), the TCFD offers great opportunities, especially for SMEs. SMEs play an integral role in achieving net zero by 2030. By identifying, measuring, and managing climate-related risks and opportunities, SMEs can demonstrate their sustainability efforts and attract investors. And who wouldn't want that?
Meet TCFD requirements with Eevery
At Eevery, we understand the importance of TCFD and have developed our platform to align with climate-related disclosures. We ensure you are always up-to-date with the latest laws and regulations, including TCFD. This way, you can focus on what truly matters: growing your business sustainably.
Want to stay up-to-date with TCFD? Subscribe now and stay informed with the most recent news for small and medium-sized businesses about upcoming laws and regulations.
