FAQ: Supporting the TCFD Recommendations
1. Who is currently supporting the TCFD?
As of June 2018, 286 companies and 48 other organizations have expressed their support for the TCFD
recommendations. These companies have a combined market capitalization of over $7.1 trillion. This
group also includes over 160 financial firms, responsible for assets of over $86.2 trillion. Located in 40
countries on six continents supporters span a variety of industries from the financial and non-financial
sector such as asset management, banking, chemicals, energy, insurance, metals & mining, oil & gas andtransportation among others. Other organizations include trade associations, central banks, regulatorsand national governments.
2. How can you support the TCFD and its recommendations?
Companies can express their support for the TCFD recommendations by having their name added to ourlist of supporters on the TCFD website: https://www.fsb-tcfd.org/supporters-landing/In addition to being added to the list companies can provide a quote for our quotes section, they canpublish their own statement of support, press release or conduct additional communications activities
to express their support.
Interested companies can submit a form via https://www.fsb-tcfd.org/supporting-tcfdrecommendations/. The TCFD Secretariat will get in touch to discuss the support request. You can also
get in touch with the Secretariat by sending a message to info@fsb-tcfd.org.
3. What type of organizations can support the TCFD recommendations?
Organizations with public debt or equity and asset managers and owners ─ the preparers and users offinancial disclosures ─ are particularly encouraged to support and implement the recommendations.
Other supporters can range from industry associations, to central banks, governments, regulators andothers.
4. What are the benefits of supporting the TCFD recommendations?
The TCFD recommendations are voluntary in nature and have been devised by the private sector ─ "by
the market, for the market." Therefore, we rely on industry support to drive adoption andimplementation of the recommendations. Companies expressing their support for the TCFD
recommendations join a cohort of leading companies that take action against climate change and arethoughtful to consider how climate change will impact their businesses. Publicly declaring their supportis a natural next step for companies that are already looking into climate-related disclosure. Public
support provides companies with the opportunity to communicate with their investors, clients andemployees alike how they are thinking of and tackling the implications of climate change.

5. Does supporting the TCFD recommendations imply implementing them?
Supporting the TCFD recommendations does not mean that companies have to implement them straightaway. The TCFD realizes that climate-related disclosure is a journey for many companies that will evolve
over time as organizations, investors, and others contribute to the quality and consistency of theinformation disclosed. Therefore, the sooner companies start to implement the recommendations themore they contribute to standardizing this kind of disclosure in mainstream financial reporting.
6. What are the benefits of implementing the TCFD recommendations?
The TCFD recommendations have been drafted with the following benefits in mind:• easier or better access to capital by increasing investors’ and lenders’ confidence that thecompany’s climate-related risks are appropriately assessed and managed• more effectively meeting existing disclosure requirements to report material information in
financial filings• increased awareness and understanding of climate-related risks and opportunities within thecompany resulting in better risk management and more informed strategic planning• proactively addressing investors’ demand for climate-related information in a framework thatinvestors are increasingly asking for, which could ultimately reduce the number of climaterelated information requests received
7. Where can I find tools to help implement the recommendations?
In May 2018 the TCFD launched the TCFD Knowledge Hub in collaboration with the Climate DisclosureStandards Board (CDSB). Available at tcfdhub.org the TCFD Knowledge Hub is the first online platform
housing relevant insights, tools and resources to help organizations implement the TCFD
recommendations. The portal houses over 370 resources with over 80 of them covering governance,
236 strategy, 152 risk management and 125 metrics & targets ─ aligned with the four overarching TCFD
recommendations. Contributors range from non-profit organizations to intergovernmental institutions,academics, industry associations, consultants and corporates. Additional resources are added on acontinuous basis.
8. What are the next steps after my company has expressed its support?
As an immediate step your company name will be added to the growing numbers of supporters on ourTCFD website. In the longer time the TCFD seeks to continue engaging with supporting companies thatare working on implementing the recommendations. Companies will have the opportunity to participate
in "preparer forums" that allow companies to address implementation issues and improve theirdisclosure in line with the TCFD.