Climate Finance & Accountability: A Comprehensive and Holistic Approach

This book offers a comprehensive, practice-oriented examination of the emerging field of climate finance, with a particular focus on implementing the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. It explores how companies assess, manage, disclose, and respond to climate-related risks and opportunities. Through eight chapters, it provides an evidence-based analysis of disclosure practices, market pricing of climate risk, ESG integration strategies, and regulatory developments across various jurisdictions, drawing on international research and case studies.

The 2018 IPCC Special Report emphasized that limiting global warming to 1.5°C is vital to avoid irreversible environmental and economic impacts. Climate change risks, both physical and regulatory, pose significant threats to corporations, investors, and global financial stability. Extreme weather events disrupt supply chains and asset values, while carbon-intensive industries face business viability challenges.

In response, the TCFD issued recommendations in 2017 to guide firms in providing transparent climate-related financial information. While these have gained support from investors and regulators - such as Canada's TCFD-aligned disclosure under the LEEFF - adoption remains inconsistent, and integrating climate risk into financial decision-making is still evolving.

The book aims to enhance the quality and comparability of climate-related disclosures and support informed, sustainable investment decisions.