Climate-Related Financial Disclosures 2021: Progress Report on Implementing the Recommendations of the Task Force on Climate-Related Financial Disclos

This report provides an overview of the Asian Development Bank’s progress in implementing the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) established by the G20’s Financial Stability Board.

The report covers four areas: governance, strategy, risk management, and metrics and targets. It also presents proposed future actions to integrate climate-related risks and opportunities into the core of ADB’s business strategy and decisions. This report is the bank’s first disclosure under the TCFD framework.