Implement the Recommendations of the Task Force on Climate Related Disclosures


Name of initiative Implement the Recommendations of the Task Force on Climate Related Disclosures
LPAA initiative No
NAZCA Initiative Yes
Website address
Related initiatives
Starting year 2014
End year 2018
Secretariat Erin Callahan, CDP, phone: 1 646 517 1448, e-mail:
Organisational structure Leading organisations: Climate Disclosure Standards Board, CDP, We Mean Business (and constituent partners BSR, B Team, WBCSD, The Climate Group, Ceres, CDP, and CLG).

The same organisation as "Climate Disclosure Standards Board" at Organisational connected to: Remove commodity-driven deforestation, and Corporate Engagement in Climate Policy.

Geographical coverage Global
Name of lead organisation CDP
Type of lead organisation Network/Consortium/Partnership
Location/Nationality of lead organisation United States of America


Description A group of companies and investors sharing a concern that financial markets do not yet take sufficient account of climate-related corporate performance, risks and opportunities relevant to future shareholder value because of a lack of comprehensive and comparable information in “mainstream” corporate reports for the investment community.
Objectives In the long-term, the goals of this initiative are to work alongside the other commitments in the We Mean Business commitments framework to provide businesses with a clear pathway for changing their behavior and approach to managing climate risk, and to leverage business action to put the world on track to meet the 2 degree decarbonization goal laid out in the Paris agreement.

In the short term the initiative seeks to continue growing the number of companies reporting climate information in their mainstream reports, and to educate and inform companies about the resources and tools available to support them in meeting these goals.

One or two success stories achieved The initiative has worked to socialize the commitment and build relationships with key stakeholders in the reporting space and beyond. Post COP21 our strategy is to integrate mainstream reporting into standard business practice.

The commitment has seen expansive sign on and very quickly become mainstreamed among top climate performers and a wide range of global brands, including: • Walmart • Verizon • Tata Group • Siemens • L’Oreal • Honda Motor Company

Monitoring and Impacts

Function of initiative Capacity building, Implementation
Activity of initiative Training and education, Goal setting (ex-ante)
Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals Since 2015 the initiative has continued to educate, track and invite company participation. To date nearly 200 companies and investors have joined, and the initiative leads regular webinars, events and outreach with individual companies, industry groups and other stakeholder groups.
How are you tracking progress of your initiative The initiative tracks the number of companies that have made this commitment on an ongoing basis via the initiative’s web page:

Companies are also asked to report progress via CDP’s annual climate change questionnaire, via CC4.1. Details on how to do this is included in CDP’s reporting guidance documents.

Available reporting All company commitments to this initiative are tracked via the We Mean Business and CDP websites. Additionally, companies are asked to track progress via CDP’s annual questionnaire. CDP’s climate change reporting guidance provides details to companies on how to report progress.


Participants Number Names
Members 22  
Companies 18 A2A (Italy),Cathay Financial Holding (Australia),E.SUN Commercial Bank (China),ENAGAS (Spain),FERROVIAL (Spain),Galp Energia (Portugal),Groupe PSA (France),Iberdrola (Spain),Koninklijke DSM (Netherlands),LUX* Hotels & Resorts (Mauritius),Marks and Spencer Group (United Kingdom),Signify NV (Netherlands),Sopra Steria Group (France),Unilever (United Kingdom),Wipro (India),WPP Group (United Kingdom).
Business organisations 0
Research and educational organisations 0
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 4 Aviva plc (United Kingdom),  Landsec (United K.),  Hannon Armstrong Sustainable Infrastructure Capital (USA,  Zurich Insurance Group (Switzerland).
Faith based organisations 0
Other members 0
Supporting partners 0
Number of members in the years
Have only national states as participators No


Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No No Yes No No No No No No No No No No No No No No No No Yes
Last update: 3 July 2020 08:06:41

Not only have national states as participators