Climate change represents a threat to the global financial system and could eliminate trillions of dollars' worth of value by the end of this century. Companies and investors will face operational disruptions from the physical impacts of extreme weather and climate change, and see their strategies influenced by the transition to a low-carbon economy. Industries with large infrastructure capital expenditures such as mining, oil and gas, manufacturing, hospitality and tourism, and power and utilities will be significantly impacted by climate risks. As a result, investors, regulators, and other stakeholders are increasingly asking for companies to disclose how they are managing climate-related risks and opportunities.

What is TCFD?

The Task Force on Climate-related Financial Disclosures (TCFD) is an organization of leading global investors and companies who released voluntary climate-financial disclosure recommendations in 2017. The TCFD recommendations drive consistent and decision-useful disclosures to help organizations identify and manage climate-related risks and opportunities. Since its release, investors and companies worldwide have published annual disclosure reports to help financial market participants understand and manage their climate-related risks and opportunities.

 

Featured Capabilities

We have a proven track record supporting a range of organizations with the TCFD recommendations. We possess experience working with leading banks, institutional investors, and pension funds in Canada, as well as Fortune 100 companies internationally on climate risk and disclosure. We can apply our deep understanding of physical climate risks and expertise in economic and financial analyses to help you identify, manage, and disclose your climate-related risks and opportunities.

Climate Change and Resilience

Discover Our Services

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TCFD Services

Leveraging our experience with TCFD, we help you assess your current climate-related disclosures. Our proprietary benchmarking tool can help compare your disclosures to your peers and identify ways to enhance disclosures for your investors. We work with your business and stakeholders to prepare disclosures and to develop a 3- or 5-year roadmap to fully-fledged TCFD reporting.

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Scenario Analysis

We assess physical and transition risks and opportunities across portfolios, focusing on factors such as sector, geography, and asset class. Our climate scientists can help identify the climate hazards that will impact your organization, your exposure to climate risks, and the vulnerability of your assets. Through our Future Ready program, we layer in considerations related to future economic and societal trends to help anticipate how the world may change during the transition to a low-carbon economy.

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Infrastructure Value-at-Risk

We review risk to your physical assets such as buildings, public infrastructure, and large capital projects, and leverage climate science and economics to determine a value-at-risk to your infrastructure assets resulting from climate change.

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Enterprise-wide Climate Strategy and Resilience Planning

We develop a climate resilience strategy for investment portfolios, including actions that can mitigate the risk and cost of each option. We integrate climate into strategy, enterprise risk management, and decision-making to help you establish policies, procedures, and plans that account for climate change at all levels of operations.


Additional Capabilities

  • Benchmarking
  • GIS and risk mapping
  • Training and education on TCFD requirements or other frameworks
  • Resilient investment strategies
  • Climate risk mitigation

Clients We Help


Investors and Asset Owners

We can identify the climate risks and opportunities to your portfolio of assets and conduct climate-related due diligence on large investments. Our process can help you understand how investees are managing climate-related risks. Our experienced team also supports you in publishing quality disclosure reports with information important to your own investors. Further, we can help you communicate how you are managing climate risks and opportunities within your portfolio and how your investment strategy would fare in the transition to a low-carbon economy.

 

Business and Industry

Our climate, financial, and infrastructure experts can provide a thorough review of your approach to climate risks, resilience, and current disclosures. We can help you assess physical and transition risks to real assets and infrastructure, upstream and downstream supply chains, and customer markets. We can develop quality disclosure reports that encompass information important to your investors. Further, we can help you communicate how you manage climate risks and opportunities and how your company would fare in the transition to a low-carbon economy.

 

Municipal, Provincial and Federal Governments

Our team can help assess, manage and disclose climate-related risks for municipal, provincial and federal governments and agencies. We help you understand current and future risks and provide recommendations that can reduce the impacts of climate change, improve transparency, and optimize financial resources for building resilience. Government entities are now beginning to disclose under the TCFD, and we can help prepare the disclosures to inform your stakeholders and the public.

Contact Us

Connect with us to learn how we can help you build resilience.