ISSB, TCFD, SB 251 & SB 263
ISSB & TCFD Services
We can help with all aspects of ISSB, TCFD, and SB 251/263 using our proprietary platform and guidance tools to simplify the process.
Our ISSB/TCFD Process
Understand
Helping you understand the 11 recommendations of TCFD, and adjustments easily made to adopt them.
This includes gap analysis and peer benchmarking.
Develop
Having identified the areas for alignment we will develop processes with you to make the necessary adjustments over time.
Integrate
We identify the data sources and integration points to keep you on track.
Report
Finally we draft the complete report for you, offering recommendations and assisting with stakeholder communication.
We’ll walk you through each of the TCFD pillars, providing practical guidance to climate risk assessment and financial impact qualification, data requirements and input, disclosure and reporting.
We have a wealth of experience producing TCFD reports for investment managers, many of whom were in scope of the FCA’s Climate-Related Disclosure Rules. We can provide public examples and references on request.
ISSB/TCFD Alignment
Aligning with TCFD and ISSB and reporting against its recommendations is more than just another burdensome tick-box exercise and actually provides a flexible framework aimed at helping you improve your understanding of material climate risks and enhance your processes for managing them.
The potential far exceeds compliance and should be seen as an opportunity to set yourself apart from your competitors.
What is ISSB and TCFD?
The Taskforce for Climate-related Financial Disclosures (TCFD) was created by the Financial Stability Board (FSB) to develop recommendations for companies to provide information to investors, lenders and insurance underwriters about their climate-related risks and opportunities.
The mandate for this reporting is expanding rapidly, with requirements extending into new jurisdictions and covering ever more company types and scales.
The TCFD framework has been formally handed over to the International Sustainability Standards Board’s (ISSB) Global Standard for Sustainability-related Reporting, and TCFD as an organisation was disbanded in November 2023.
What is SB 253 and SB 261?
California has passed two laws requiring businesses to disclose their carbon emissions and climate-related financial risks.
The Climate Corporate Data Accountability Act (Senate Bill 253) requires large businesses operating in California to publicly report their greenhouse gas emissions. SB 253 requires both public and private US businesses with revenues greater than $1B USD doing business in California to report their emissions comprehensively, including scopes 1, 2, and 3, beginning in 2026 (for 2025 data). SB 253 also requires reporting companies to get third-party assurance of their reports.
The Climate-Related Financial Risk Act (Senate Bill 261) mandates that companies disclose the threats they face as a result of climate change. SB 261 requires large US businesses with annual revenues over $500M USD operating in California to bi-annually disclose climate-related financial risks and their mitigation strategies to the public. This report is akin to a TCFD report.
