The mission of the TCFD is to “help companies understand what financial markets want from disclosure in order to measure and respond to climate change risks and encourage firms to align their disclosure with investor needs.”
Investors recognize methane as both a material risk and opportunity for the climate and the long-term competitiveness of natural gas. Therefore, investors are demanding greater transparency. In this context, methane disclosure is an opportunity for industry to build trust with the financial markets by demonstrating it takes climate risks seriously.
As investors shift portfolios towards more sustainable companies, oil and gas companies that incorporate the suggestions made within this report will be in a more advantageous position with investors and industry peers.
Implementing TCFD recommendations for oil and gas methane disclosure
The Task Force on Climate-Related Financial Disclosure (TCFD or the Task Force) published its final recommendations in 2017, and now both companies and investors are moving towards implementation of TCFD’s recommendations.
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Conclusion
