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  • Our experts process over 93,000 invoices per month and we've recovered over £11m in over-charges for our clients in the last year
  • We provide support to over 500 businesses for energy and carbon management
  • Our solutions team have identified savings of £37.5m per annum for our clients, a total of 495,338,992 kWh savings identified
  • Last year we saved our CCA clients alone £25.5m

TCFD

Taskforce for Climate-related Financial Disclosures (TCFD)

As part of the mandatory compliance landscape of the United Kingdom, larger organisations have a requirement to make a submission which is based on the disclosures developed by the Taskforce for Climate-related Financial Disclosures (TCFD).

As the financial implications of climate change are becoming more apparent, there is an increasing requirement that organisations provide information on their climate-related risks and opportunities to investors and wider stakeholders including the general public. The framework developed by the TCFD aims to make organisations’ climate-related reporting more consistent and therefore more comparable, with the final report helping to assess risk and opportunity, and aid strategic planning and decision making.

What is TCFD?

The new reporting requirement applies to:

All UK companies that are currently required to produce a non-financial information statement, being UK companies that have more than 500 employees and have either transferable securities admitted to trading on a UK regulated market (such as the LSE’s main market), or are banking companies or insurance companies;

UK AIM companies with more than 500 employees;

UK companies which are not included in the categories above and have more than 500 employees and a turnover of more than £500m; and

LLPs that have more than 500 employees and a turnover of more than £500m.

Why partner with Inenco for TCFD reporting?
  • A strong track record of steering nearly 500 organisations through the existing  ESOS & SECR mandatory compliance schemes.
  • We are already supporting a number of FTSE-250 organisations on their TCFD journey.
  • Our team of experts have decades of collective experience in energy consumption optimisation and the associated reduction in carbon footprint.
  • Our blend of engineering and business consultancy skills ensures that our recommendations are both thorough and pragmatic and deliver positive business outcomes.
  • Our submissions to mandatory compliance bodies such as the Environment Agency on behalf of our clients have been 100% over many years.
 
 
How we will help you
  • TCFD submissions will be a journey over the coming years. We will help you develop your approach as your stakeholders’ expectations evolve.
  • The new regulation aims to enable comparison of performance and information across organisations to enable stakeholders to make decisions with full transparency of your performance. We will help to present your organisation in the best possible light.
  • The financial risks of climate change are often significant but we will work closely with your accounting team to ensure that these are appropriately described.
  • We will take a pragmatic approach to define qualitative and quantitative reporting can be a simple starting point.
  • Our team will work with you to propose metrics and targets that are relevant and reflect your strategy.

TCFD Recommendations - The Four Pillars

Governance

Inenco will support you in developing your response to climate-related risks and draw attention to areas of governance and management roles that should be considered as per the recommendations of the TCFD.

Risk Management

Inenco will work with your senior leadership team and using our climate-related risks and opportunities methodology, we will identify the bespoke risks and opportunities that exist for you across your UK and global portfolios.

Strategy

We will work with you to deliver a strategic plan which addresses the climate-related challenges and proposes a transition pathway plus interim target(s). We will identify, define and quantify financial impacts alongside a pathway for decarbonisation by reducing emissions from Scopes 1, 2 and 3.

Metrics and Targets

Inenco will work with you to develop and agree on the metrics to be disclosed which reflect your assessment of your climate-related risks and opportunities. These metrics will help the company track its performance against targets and track information and trends related to climate effects which many stakeholders will want to see, as they are regarded as the key pieces of information upon which to base investment and other related decisions.

For more information give us a call on 08451 46 36 26 and speak to one of our experts.

Related items

 
Compliance
Inenco are experts in energy legislation and compliance requirements, meaning we can offer ongoing support in meeting regulatory reporting requirements.
 
Streamlined Energy and Carbon Reporting (SECR)
What is SECR? Streamline Energy & Carbon Reporting (SECR) is a replacement for the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme and requires organisations to report energy and carbon emissions in their annual report. SECR has been introduced to make carbon reporting more transparent and to aid the goal of achieving a carbon net-zero target. The […]
 
Energy Savings Opportunity Scheme (ESOS)
ESOS - The Energy Savings Opportunity Scheme is a piece of EU legislation which requires large enterprises to undertake a programme of energy audits.

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Inenco Group Ltd, Registered Office: Ribble House, Ballam Road, Lytham, Lancashire, FY8 4TS. Registered Company Number: 02435678