A guide to adopting the TCFD recommendations for cities

Cities are on the front line of climate change impacts. Learn how climate-related information can support municipal stakeholders with short-term budgeting, long-term capital planning and enhance the usefulness of a city's public financial reports.

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From responding to the increasing frequency and severity of extreme weather events, to building resilient infrastructure, cities are incurring higher costs to maintain critical services to their residents, communities and businesses that call them home.

In order to integrate climate change considerations into capital planning and budgeting decisions, decision-makers within municipalities need reliable and consistent climate-related information. While the Task Force on Climate-related Financial Disclosure (TCFD) recommendations were developed for use by the private sector, increasingly cities are recognizing the applicability of these recommendations for their own internal decision-making and external reporting.

This guide highlights some of the actions taken by Canadian cities in response to climate change, demonstrating the climate adaptation leadership underway across the country. It also includes process frameworks for different types of decision-makers within municipalities, including those working in financial reporting and capital planning, to help cities implement the TCFD recommendations.