Greenstone Blog IFRS Foundation to monitor Climate-Related Disclosures over TCFD

In a significant development for climate-related financial disclosures, the International Financial Reporting Standards (IFRS) Foundation will be taking over the monitoring responsibilities from the Task Force on Climate-related Financial Disclosures (TCFD) starting in 2024. This move comes as the IFRS Foundation recently published its inaugural ISSB Standards, IFRS S1 and IFRS S2, which fully incorporate the recommendations of the TCFD. The Financial Stability Board (FSB) has acknowledged these standards as the culmination of the TCFD's important work initiated in 2017.