Companies can build upon existing risk identification methodology by using the Global Risk Assessment and Strategic Planning (GRASP) and the Task Force on Climate-related Financial Disclosures (TCFD) framework for reporting climate related information, by assessing the associated threats to Strategic Outcomes. This can be used to make an organisation’s disclosure of how its strategies might change to address potential climate-related risks to better understand the potential implications of climate change on the organisation.

A key recommendation of Task Force on Climate-related Financial Disclosures (TCFD) is the use of scenarios in assessing climate-related
issues and their potential financial implications, and to include this forward-looking information in financial filings.

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