The Financial Stability Board established the TCFD to develop recommendations for more effective climate-related disclosures that could promote more informed investment, credit, and insurance underwriting decisions and, in turn, enable stakeholders to understand better the concentrations of carbon-related assets in the financial sector. The disclosures will become mandatory for listed companies from 2022.

Aligning our reporting to the TCFD recommendations informs our investors and other key stakeholders of the climate-related risks and opportunities that may impact Biffa. Using this format enables us to explain our process for responding to these challenges in a purposeful and comparable context.