Climate Reporting (TCFD)

TCFD Reporting by KPMG

The Business Analytics Climate Reporting (TCFD) examines four dimensions necessary for successfully reviewing your business processes in relation to climate change:

Strategy

  • Climate-related risks and opportunities
  • Impacts of climate-related concerns
  • Climate scenarios

Risk Management

  • Risk Identification and Risk Evaluation
  • Climate Footprint
  • Climate-related Targets

Key Figures and Targets

  • Climate-related Key Figures
  • Klimafußabdruck
  • Klimabezogene Ziele

Governance

  • Role of the Supervisory Board
  • Role of Corporate Governance
  • Prioritization of Risks and Opportunities
  • Physical Climate Risks
  • Transition Risks
  • Climate Change Opportunities
  • Prioritization of climate-related Risks and Opportunities

Climate Reporting (TCFD) test version

Get a first impression of the Business Analytics Climate Reporting (TCFD). This preview contains a number of questions from the full analytics. As a result, you will receive a percentage evaluation of your business performance within the four dimensions with reference to TCFD Reporting.
Try it out now
Solar system
Climate change does not make any exceptions for companies. The more transparently a company maps out the opportunities and risks of climate change in its business reports, the greater the confidence investors will place in it. The recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) on finance-related climate reporting are the answer here. 

The goal of this Business Analytics is to determine the maturity of your internal climate processes in terms of the TCFD recommendations. Depending on the scope of the questions assigned to you, they will take 15 minutes to an hour to complete.


We carry out the analysis of your company’s level of maturity using a questionnaire that covers the four main aspects of the TCFD recommendations (governance, strategy, risk management, and key performance indicators and targets). As a result, you get a differentiated picture of which recommendations have already been fulfilled, where there is potential for optimization and where there are gaps, and how you are placed in comparison with other companies.

We use this TCFD Climate Reporting to collect and assess essential information. Your answers are subsequently analysed and compared with the results of other Business Analytics as well as experience from other KPMG projects. Use this Business Analytics to identify the maturity of your organization.
Woman with tablet in hand

Start the preview of the Business Analytics now

Start the Business Analytics preview. It contains an overview of all dimensions of the analysis and offers you a first insight into the question structure at hand with one of many response scales.

Previous Next

Plan your next steps

Would you like to find out more? Talk to us about your current tasks and how this Business Analytics can support you in developing solutions for them. You can try out the Business Analytics free of charge first and see initial results straightaway. Plan your individual roadmap with KPMG Atlas!


We're looking forward to hearing from you.

Get in contact with us here to find out more about our service. We're looking forward to hearing from you to discuss your specific issues.

Contact us

* Required fields

Information on data processing can be found in the Data protection declaration

Try out the Business Analytics in full and free of charge now!

Have you already planned your next steps? Here you have the opportunity to perform an individual maturity level determination and receive an individual summary of the results immediately.

Off-the-shelf not for you?

Please contact our experts to create a non-binding custom-fit solution for your organization.

Would you like to find out more about our tailored service?

Explore Tailored

Advantages of Business Analytics Services

Benefit from our rapid and uncomplicated location determination for your current issues at any time by using our digital service.

KPMG expertise

Drawing on the specialist knowledge of KPMG experts, we navigate you through your relevant issues. 

Ad hoc assessment

Define your individual initial need for action in real time using the results report. 

Benchmarking

Obtain valuable benchmarking data to evaluate your own position. 

Discover more interesting services

ESG Management & Steering

ESG Management & Steering

Identify the actions required for a future-oriented ESG management.

Try it out now
Future Readiness

Future Readiness

Analyze how your organization is prepared for the challenges of the future.

Gain Clarity
Future Finance 2040

Future Finance 2040

Assess whether your finance division is ready for the future.

Explore now
Vehicle Sustainability

Vehicle Sustainability

Create incentives and reward environmentally conscious drivers – using the ServiceNow platform.

Learn more

Good to know

What is TCFD Reporting / Is TCFD Reporting Mandatory?

The TCFD (Task Force on Climate-Related Financial Disclosures) is a working group established within the framework of Paris COP21 that has created a set of regulations for uniform corporate climate reporting. Reporting in line with TCFD standards is voluntary. At the end of 2022, the EU finally approved a law on corporate sustainability reporting that is based on the TCFD recommendations for climate reporting and thus makes these obligatory for companies in the future. As part of the European Green Deal, the Directive (Corporate Sustainability Reporting Directive – CSRD) requires certain EU companies to produce regular reports in line with the standards.


The CSRD requires companies that meet at least two of the following criteria to publish sustainability reports:

  • Total assets of more than EUR 20 million
  • Turnover of more than EUR 40 million
  • More than 250 employees

If your company meets at least two of these criteria, you must prepare sustainability reports in accordance with the CSRD beginning in the 2024 fiscal year if your company is a capital market-oriented company. If not, you must do so from the 2025 fiscal year onwards.


The TCFD sets out four areas to be assessed in terms of environmental targets:

  • Governance: A clear location of climate-related responsibilities at the company
  • Risk management: Description of risks and opportunities for business activities in connection with climate change
  • Strategy: Description of the impact of climate change on the business strategy
  • Metrics and targets: Metrics and measures to achieve climate targets

Optimize your internal company climate adaption measures using a TCFD Readiness Assessment by KPMG and discover where there is potential for improvement.


Climate risks and opportunities are all potential climate-related consequences for companies. The TCFD and thus the CSRD differentiate between physical and transition climate risks. Physical climate risks describe the direct effects of climate change, such as storms that damage buildings. Climate change increases the frequency and severity of serious weather events and natural phenomena. This makes it necessary to prepare long-term forecasts regarding climate change and, where applicable, introduce adaptive measures. The climate risk and vulnerability assessment is also one of the requirements under the EU Taxonomy. Transition climate risks and opportunities for companies are the result of climate policy and regulatory measures that impact businesses, such as higher prices in emissions trading. This also involves evaluating changes in the market and to supply and demand.