Protected: Climate Risk Disclosure Task Group

Climate Risk Disclosure Task Group Manifesto

Since April 2022, climate-related risk disclosures are mandatory for large UK-registered companies and financial institutions, with this expected to be extended across the economy by 2025. However, there is currently little guidance on how to assess or report on these risks. The Climate Risk Disclosure (CRD) Task Group comprises Space4Climate members with the ambition to support companies disclosing their climate-related risk assessments by using space-based data, products and tools. The CRD Task Group’s main focus is to support the finance sector. The Task Group is able to support two key aspects of climate-related risk disclosure: Greenhouse Gas (GHG) emissions and the assessment of physical risks that climate change may pose to assets/activities.

To facilitate this, the Task Group is committed to being a forum for open discussion of ideas and approaches between all members. Although the Task Group will not be able to fund member’s ideas, it can help ideas to grow and progress by identifying opportunities or initiatives of interest, and potential customers by working with the Space4Climate team.

All Task Group members are equal, with identified opportunities being open to all. The Task Group will make members aware of relevant events, groups and activities that may be of interest. The Task Group will also monitor the Task Force on Climate Related Financial Disclosures (TCFD) activities and communicate with them where appropriate (e.g., responding to consultations).