6 steps to effective
TCFD reporting

Access our TCFD how-to guide

Helping you to future-proof your business

TCFD reporting may seem daunting, but don’t panic! Many businesses have the same concerns about first-time reporting as you do.

We know that not everybody comes into TCFD reporting with technical training, so we’ve written this how-to guide to introduce the process to beginners.

We’ve incorporated the hard-earned wisdom of leading experts in the field to produce this blueprint, helping you devise a plan to assess effectively how your business can thrive in a world altered by the climate crisis.

TCFD reporting in six steps

Step 1: Assemble your team

A multidisciplinary team will enable you to identify and handle climate-related risks across the business effectively.

Step 2: Set your scenarios

Identify the climate risks facing your business over a series of time frames and different warming scenarios.

Step 3: Physical risk assessment

Collect and map data to determine what and where physical risks of climate change may impact your business.

Step 4: Transition assessment

Assess how socio-economic fluctuations, resulting from society’s response to climate change, could impact your business.

Step 5: Define metrics

Assign a monetary value to the climate risks you have identified and agree on goals for your climate transition plan.

Step 6: Complete report

Present findings to your board of directors, agree on what to disclose and produce your external-facing report for publication.

“TCFD reporting was produced by the market, for the market. As a result, it isn’t just a compliance exercise but a significant opportunity to enhance long-term corporate resilience in the face of multifaceted and enduring change.”

Danielle King, Principal Climate Change Consultant, RSK group

“TCFD reporting looks at your holistic business. So partner with your entire supply chain to ensure you’re on the same page when it comes to the long-term plan to adapt and mitigate climate risks.”

David Roos, Group Compliance, Quality and Safety Director, Boparan

“We can expect a wide range in the breadth and depth of TCFD reports for the time being. As this process evolves from a practical standpoint, companies should be digesting feedback from stakeholders, including investors, to better understand the expectations and what information is most critical.”

Adam Heltzer, Head of ESG, Ares Management Corporation

Access our TCFD how-to guide


Webinar: Is your business ready to report in line with TCFD regulations?

Once you have read our how-to guide, you might like to listen to our TCFD webinar for practical advice on best practices, lessons learned from early adopters and guidance on the future of TCFD and sustainability disclosures.

The webinar panel includes expert speakers sharing their experiences and insights from the Financial Reporting Council, the New Zealand Ministry for the Environment and the International Financial Reporting Standards Foundation.

Watch the TCFD in Action webinar

Survey: Is TCFD a strategic tool or a box-ticking exercise?

In February 2022, we surveyed 100 C-level executives across the UK to assess their attitudes towards mandatory TCFD reporting. We sought to understand:

⇲ Are boards discussing climate risks?
⇲ Will TCFD encourage more senior-level discussions on the climate crisis?
⇲ How will businesses deal with a lack of guidance on how much to disclose?
⇲ How much are businesses budgeting for TCFD?
⇲ Is TCFD seen as a strategic tool or a box-ticking exercise?

Read what they had to say in our survey report

🌎 As a global leader in the delivery of sustainable solutions, we won’t shy away from our role in the huge task the world faces – this has guided our growth over the last year.

💚 We strive for sustainability in all that we do and our commitment to this has been reaffirmed in our FY22 sustainability report.

Read more in our story!

#Sustainability #Environment #Climate #ClimateChange #ClimateCrisis #Sustainable

📸 #selfiesonsite 🤳

@facaderemedialconsultants's team were on-site with a contractor in Bristol, progressing another Building Safety Fund project! 👏

Want to join our team? View our latest opportunities 👉 www.rskgroup.com/careers

#RSKgroup #behindthescenes #meettheteam #RSKfamily #RSKonsite #construction

😮 Natural wetlands are disappearing three times faster than forests: 35% of global wetlands were lost between 1970 and 2015, and overall, 85% have been lost since the 1700s.

💧 It's #WorldWetlandsDay, which aims to raise awareness of the vital role of wetlands for people and the planet.

💚 We need to change our mindset around these essential habitats and their importance.

#Wetlands #Environment #Environmental #Sustainability #Sustainable

💚 From carbon neutrality to net zero, many terms and key phrases are often used interchangeably to talk about sustainability.

🤔 But what do all these keywords and phrases mean?

Find out in our story!

#Sustainability #Environment #Sustainable #Environmental #NetZero #CarbonFootprint

📸 #selfiesonsite 🤳

RSK Geophysics Michael Puntorno out on-site providing SafeGround service avoidance for @rskgeosciences as part of a site investigation next to the River Trent.

Want to join our team? View our latest opportunities 👉 www.rskgroup.com/careers

#RSKgroup #behindthescenes #meettheteam #RSKfamily #RSKonsite #geosciences

🌎 As the scale of worldwide habitat loss becomes clear, the biodiversity crisis is gaining more attention on the global stage.

🌳 We asked green roof and ecology expert Dusty Gedge for his views on creating more sustainable urban landscapes.

Read more in our story!

#GreenRoofs #Biodiversity #Environmental #Environment #Sustainability #Ecology

Malcolm Croft is 86 years old and is still working hard at our @structuralsoils lab! 💚

Read his inspiring story in our bio!

#Inspiration #WorkCulture #EmployeeAppreciation #Employee #Inspiring

📢 RSK CEO Alan Ryder's interview with the @financialtimes' Andrew Hill in the How To Lead series is a fascinating study in how to develop a successful business with 11,000 employees in 40 countries while pursuing a passion for engineering practical solutions to the world's greatest challenges.

Find out more in our bio!

#Leadership #Business #Engineering #Development #Environmental #Sustainability #Environment