Full definition
Created in 2015 by the Financial Stability Board. Published a framework in 2017 with 4 pillars: Governance, Strategy, Risk Management, Metrics and Targets. Recommendations now absorbed into CSRD and IFRS S2. TCFD dissolved in October 2023, monitoring taken over by ISSB. Do not confuse it with CSRD (incorporating TCFD recommendations in ESRS E1 and going much further with double materiality) or with IFRS S2 (TCFD’s international twin, focused solely on financial materiality).