There are four TCFD pillars: Governance, Strategy, Risk Management, and Metrics and Targets.
Governance: Under the governance pillar, organisations must explain the role of leaders and management when it comes to analysing and managing climate-related risks and opportunities.
Strategy: Here, all climate-related risks and opportunities must be identified and their impact on the organisation, in terms of future plans and finances, must be explained.
Risk Management: The organisation must explain how they will manage the climate-related risks identified and their methods for aligning them with the company’s risk management procedures.
Metrics and Targets: Under this pillar, organisations must reveal their GHG emissions values and what metrics and targets were used to analyse the climate-related risks and opportunities.