# TCFD

*ESG & Sustainable Finance — Finicade finance glossary*

TCFD set the template for climate disclosure across four pillars — governance, strategy, risk management, and metrics and targets — including scenario analysis. It began voluntary and became mandatory in several jurisdictions, and its framework has been absorbed into the ISSB's global standards. Its lasting contribution is framing climate as a financial reporting matter rather than a corporate responsibility one.

**Also known as:** Task Force on Climate-related Financial Disclosures, TCFD reporting

**Related terms:** [CSRD](https://finicade.com/glossary/csrd), [Climate Stress Test](https://finicade.com/glossary/climate-stress-test), [Physical Risk](https://finicade.com/glossary/physical-risk), [Transition Risk](https://finicade.com/glossary/transition-risk), [Disclosure](https://finicade.com/glossary/disclosure)

Source: https://finicade.com/glossary/tcfd