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Two years later in 2017, the group introduced its official recommendations for corporate financial disclosures. To support the TCFD and the companies committed to meeting its suggested actions, CDP redesigned its own climate change questionnaire in 2018 to align with the recommendations. Disclosure also prevents greenwashing.
Only 1% of over 13,000 corporates across 13 industries and 117 countries disclosed against 24 key climate transition plan indicators, according to a 2021 report by sustainability disclosure platform CDP. In 2021, the TCFD consulted on its metrics, targets and transition plans, with a view to updating its original 2017 framework and guidance.
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