Information on the costs and financial risk when you are investing in stocks or other things is hard to find, or at least, it was hard to find. That is because they implemented a regulation that’s says everyone should be able to get the information of the risks there a taking when investing. Especially about the climate change because that can and will have a big impact on the market. That’s why they came with the Task Force on Climate-related Financial Disclosures. The abbreviation is TCFD. This way the investors can get more, better en clear information about the climate change risks and a lot of other things that can bring risks. Everybody knows investing is not without risk, but it is also nice to know what risk you are taking when investing in a specific market.
The Task Force on Climate-related Financial Disclosures also impacts the financial decisions in a company. Well not exactly, but they will show what risks and factors should be taking in consideration when they are making a decision. These are also some of the risks they will tell you about. They will also keep everything on the radar so that when something happens en changes it will immediately be communicated to the stakeholder so they can make a move as well. This way you can prevent losing a lot of money, but it also makes it possible that you can invest more and thus make more money. It will always be a risk and can never be said for sure.