In the first half of 2022, three major climate-related proposals were released for public comment: The U.S. SEC’s proposed climate disclosure rules, the EU’s European Sustainability Reporting Standards (ESRS), and the International Sustainability Standards Board’s global climate disclosure guidelines. Each of these climate policies are based in large part on the climate disclosure framework created by the Task Force on Climate-Related Financial Disclosures, and understanding the TCFD’s inclusion in these policies is key for companies looking to make climate-related disclosures aligned to one or more of these new rules.
A new Persefoni analysis compares these three proposed climate policies, particularly their alignment with and additions to the TCFD framework. Our analysis reveals several key insights and takeaways, including:
Disclaimer: This paper was published on July 2022, and the regulatory landscape has evolved considerably since then. Please refer to our Climate Policy Library for the latest on climate reporting standards and frameworks.