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.
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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.
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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.

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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.