The WWF is run at a local level by the following offices...
- WWF Global
- Central African Republic
- Central America
- Democratic Republic of the Congo
- European Policy Office
Climate change is one of the biggest challenges of our time and the most pressing Environmental, Social and Governance (ESG) issue facing our global society and the economy today. The impacts of climate change on organisations are still to be fully understood as both companies and investors grapple with quantifying the risks and opportunities presented by climate change.
For both corporates and investor organisations, it is important to have a thorough understanding of what climate change means for their own business models, but also that of the financial system. This is required to strengthen the resilience and sustainability of both individual companies and the financial system.
The Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board (FSB) in 2015, was created with the purpose of recommending how the financial sector can incorporate climate-related issues in its decision making. A key TCFD objective is to develop recommendations for more effective climate-related disclosures that will assist organisations in their understanding of climate-related risks and to provide guidance on how organisations can implement measures to protect them from such risks.
The TCFD recommendations are fast becoming global best practice for institutions looking to integrate climate-related risks into their governance, strategic and operational processes. In the context of South African companies and investors, the journey has only just begun, making this report a must-read.
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The emerging importance of the TCFD framework for South African companies and investors_WWF_SA