Environment & Sustainability
Resolute adds new TCFD webpage to enhance its climate-related financial disclosures
April 27, 2023 By P&PC Staff
The Task Force on Climate-related Financial Disclosures (TCFD) framework provides a standard approach for companies to disclose climate-related risks and opportunities.
Building on its commitment to transparency and sustainability reporting, Resolute has aligned its reporting according to the recommendations of the framework. The company’s new webpage serves as an index connecting each of the TCFD recommendations to relevant Resolute disclosures.
Resolute explains that the TCFD framework, released in 2017, was designed by a global task force whose members were selected from various organizations by the Financial Stability Board. Members included banks, insurance companies, asset managers, pension funds, large non-financial companies, accounting and consulting firms and credit rating agencies. The framework is structured around four thematic areas: governance, strategy, risk management and metrics and targets.
Stakeholders familiar with Resolute’s greenhouse gas reduction goals – validated by the Science Based Targets initiative (SBTi) in 2022 – and the company’s annual disclosure reports to CDP – a non-profit framework – will recognize some of the information in its TCFD index.
Resolute notes that by organizing its existing disclosures according to TCFD, it is contributing to the development of a widespread global standard for reporting climate-related risks and opportunities.
Resolute’s new TCFD webpage is available here.
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