Climate-Related Financial Disclosures (TCFD) Training Course

Climate-Related Financial Disclosures (TCFD) Training Course

Introduction

This comprehensive training course provides essential knowledge and practical skills for navigating the evolving landscape of Climate-Related Financial Disclosures (TCFD). In an era of increasing climate risk management and sustainability reporting, organizations face growing pressure from investors, regulators, and stakeholders to transparently report on their environmental, social, and governance (ESG) performance. The TCFD framework, a globally recognized standard, is critical for assessing and disclosing the financial impacts of climate change, thereby enhancing corporate resilience and unlocking new sustainable finance opportunities.

Climate-Related Financial Disclosures (TCFD) Training Course is designed to equip participants with a deep understanding of the TCFD recommendations, focusing on their strategic integration into core business operations. We'll explore the four pillars of the framework Governance, Strategy, Risk Management, and Metrics & Targets and provide actionable insights for effective implementation. By mastering these principles, professionals can contribute to their organization's decarbonization strategy, build stakeholder trust, and stay ahead of emerging regulations in the global push toward a low-carbon economy.

Course Duration

 5 days

Course Objectives

Upon completion of this course, participants will be able to:

1. Identify and assess the financial impacts of both physical and transition climate risks.
2. Describe the board's oversight and management's role in climate-related issues.
3. Integrate climate considerations into business strategy and financial planning.
4. Use scenario planning to evaluate the resilience of an organization's business model.
5. Establish robust processes for identifying, assessing, and managing climate risks.
6. Select and report on key metrics and targets, including Scope 1, 2, and 3 GHG emissions.
7. Understand the relationship between TCFD and emerging standards like the International Sustainability Standards Board (ISSB).
8. Improve the quality and transparency of ESG reporting and sustainability disclosures.
9. Communicate effectively with investors, lenders, and other key stakeholders on climate-related issues.
10. Identify opportunities for innovation and competitive advantage in the green economy.
11. Differentiate between the financial impact of climate on the company and the company's impact on the environment.
12. Ensure disclosures are robust, verifiable, and free from misleading claims.
13. Embed climate risk into the company's overall risk framework.

Organizational Benefits

• Attract sustainable investments and green finance by demonstrating a proactive approach to climate risk.
• Build trust with investors, customers, and the public through transparent and credible disclosures.
• Use climate-related information to inform long-term business strategy, increasing corporate resilience and adaptability.
• Prepare for mandatory climate-related disclosure requirements from regulators and stock exchanges.
• Discover and capitalize on new market opportunities in the transition to a low-carbon economy.
• Proactively identify and manage climate-related risks, reducing potential financial and operational impacts.
• Foster a culture of sustainability and empower employees to contribute to climate-related initiatives.

Target Audience

• C-Suite Executives and Board Members
• Sustainability Managers and Officers
• Finance and Accounting Professionals
• Risk Management Professionals
• Investor Relations Professionals
• Corporate Governance and Compliance Officers
• Internal and External Auditors
• Analysts and Investors

Course Modules

Module 1: Foundations of Climate-Related Financial Disclosures

• Climate Science and Financial Impact
• Introduction to TCFD.
• Global Regulatory Landscape.
• Double Materiality.
• Case Study: Unilever's approach to integrating climate change into their business strategy.

Module 2: Governance

• Board Oversight and Responsibilities.
• Management's Role and Responsibilities.
• Integrating Climate into Governance Structures.
• Establishing Governance Committees.
• Case Study: ├ÿrsted's governance model for transitioning from fossil fuels to renewable energy.

Module 3: Strategy

• Identifying Climate-Related Risks and Opportunities.
• Impact on Business and Financial Planning.
• Introduction to Climate Scenario Analysis.
• Practical Steps for Scenario Analysis.
• Case Study: Rolls-Royce's scenario planning to assess the risks and opportunities of a low-carbon transition for its business.

Module 4: Risk Management

• Identifying and Assessing Climate Risks.
• Managing Climate Risks.
• Integration with Enterprise Risk Management (ERM).
• Internal Controls and Assurance.
• Case Study: How MetLife integrates climate risk into its enterprise-wide risk management processes.

Module 5: Metrics and Targets

• Understanding Key Metrics
• Setting Targets.
• Data Collection and Management.
• GHG Accounting and Reporting.
• Case Study: Microsoft's public disclosure of its carbon footprint and progress toward its carbon-negative target.

Module 6: Implementation and Reporting

• Drafting the TCFD Report.
• Aligning with Other Frameworks
• Effective Communication.
• Overcoming Implementation Challenges
• Case Study: Nestl├⌐'s approach to TCFD reporting, highlighting their disclosure on water-related risks.

Module 7: Leveraging TCFD for Value Creation

• Identifying Opportunities.
• Green Product and Service Development.
• Sustainable Finance and Capital Markets.
• Stakeholder Engagement and Reputation.
• Case Study: The GPT Group's use of TCFD to attract capital for green buildings and sustainable real estate.

Module 8: Future of Climate Disclosure and ESG

• TCFD to ISSB.
• The Global Baseline
• Emerging Trends in Climate Finance.
• Future-Proofing Your Strategy.
• Case Study: The role of Equinor and Storebrand in testing the TCFB framework.

Training Methodology

This course uses a blended training methodology to ensure a comprehensive and engaging learning experience. It combines:

• Expert-Led Lectures.
• Interactive Workshops.
• Real-World Case Studies.
• Scenario-Based Exercises.
• Q&A Sessions.
• Resource Library.

Register as a group from 3 participants for a Discount

Send us an email: info@datastatresearch.org or call +254724527104 

Certification

Upon successful completion of this training, participants will be issued with a globally- recognized certificate.

Tailor-Made Course

 We also offer tailor-made courses based on your needs.

Key Notes

a. The participant must be conversant with English.

b. Upon completion of training the participant will be issued with an Authorized Training Certificate

c. Course duration is flexible and the contents can be modified to fit any number of days.

d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.

e. One-year post-training support Consultation and Coaching provided after the course.

f. Payment should be done at least a week before commence of the training, to DATASTAT CONSULTANCY LTD account, as indicated in the invoice so as to enable us prepare better for you.