Issues Paper on the Implementation of the Recommendations of the Task Force on Climate-Related Financial Disclosures

A vast majority of insurers expect climate change to affect their business; however, while the largest globally active insurers have made progress on implementation of TCFD-aligned disclosures, implementation is low across the sector as a whole. Recognising the diversity of supervisory frameworks across jurisdictions, this Paper identifies a number of areas where supervisors can encourage strengthened disclosures through the application of existing supervisory tools.