Climate Change: How It Affects Businesses
The Task Force Climate-Related Financial Disclosures or TCFD was developed in 2015 with the aim to develop climate-related financial disclosures for companies to adopt. This will provide transparency on the wellness of these companies as they face the risks of climate change. With voluntary reporting, investors, insurers, lenders, and other active participants in the market will be informed. As a consequence, they will can have truthful assessment of the company they have interest in. Coming up with the TCFD reporting may be new to some companies. Honestly. I had no idea where to begin with TCFD reporting when I started my business. But with advanced strategies that were formulated by some experts, TCFD reporting is made easier to accomplish. But how does climate change affect businesses? Here are a few…