The Task Force on Climate-related Financial Disclosures (TCFD) provides a set of voluntary, consistent recommendations for companies to disclose climate-related financial risks and opportunities. The aim is to improve transparency and help stakeholders understand the financial implications of climate change on organizations. For procurement and supply chain professionals, the TCFD framework is essential as it guides companies in assessing and managing climate risks and opportunities within their operations and supply chains. By following TCFD recommendations, companies can enhance their risk management practices, improve strategic planning, and attract sustainable investment. Disclosing climate-related financial information also helps organizations demonstrate their commitment to addressing climate change, building trust with stakeholders and aligning with global sustainability initiatives.

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