TCFD backs carbon disclosure, but not temperature scores

Influential standard setter decides the implied temperature rise ‘is not ready’ for funds

The most widely used standard setter for climate disclosures has omitted temperature scores, which reveal how much global warming a company is on track to cause, from a list of metrics that it is recommending.

The Task Force on Climate-related Financial Disclosures, which was set up by the Financial Stability Board, urged companies to publish climate metrics in seven areas as it unveiled its annual review of compliance with its recommendations.

The TCFD, which is chaired by Michael Bloomberg