SCB Group, the world-leading, low carbon commodity brokerage, is pleased to announce that it is implementing the TCFD Recommendations created by the FSB Task Force on Climate related Financial Disclosures (TCFD).
The FSB Task Force developed a recommendations report on voluntary climate-related financial risk disclosures so that companies can provide decision-useful information to key business stakeholders. The report goes beyond normal practices in two important ways:
- Inclusion in mainstream financial filings
- Using scenario analysis to inform business strategy
The recommendations are targeted to all companies with equity or public debt and present a foundation for organisations to create more effective climate-related financial disclosures through current reporting strategies.
Supporting the TCFD Recommendations is important to SCB as it will be able to measure and evaluate more effectively its own risks and those of its suppliers and competitors.
“We are proud to support the TCFD Recommendations on our relentless pursuit of a low carbon future. By increasing price transparency and lowering trading costs across commodities, we are helping our clients to identify, quantify and disclose the positive impact of their activities to reach Net Zero emissions”, said Kevin McGeeney, CEO of SCB.
Published in 2017, the TCFD recommendations can be downloaded here.
To see the full list of TCFD Recommendations supporters, click on this link.
FOR FURTHER INFORMATION, PLEASE CONTACT:
- Pauline Tainton, Marketing Officer, SCB + 44 207 490 9918
