Stock exchanges are uniquely positioned to advance climate disclosure through market guidance. They can have a special role in supporting consistency and standardization of information that enables both local and global progress in climate reporting and use of climate-related data. Stock exchanges have the infrastructure, networks and experience to contribute to addressing climate change via capital markets. By working with and learning from their peers, they can be essential in achieving greater climate-resiliency of markets.
To assist stock exchanges in their efforts to guide issuers on climate-related disclosure, this guidance document includes two parts - an introduction on how and why to use this guidance for stock exchanges; and a template guide and diagnostic checklist that stock exchanges can utilize to develop guidance on climate-related disclosure for issuers.
To help issuers integrate and communicate climate-related information in alignment with the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD), the template guidance in part two aims to guide issuers through a three part cyclical process: disclosure diagnosis and context; integration of climate-related risks and opportunities; and disclosure of climate-related practices and data.