Jeff Cosette talks to Stephen Butler, Director of Investor Engagement and ESG Disclosure at Luminous, about the evolution of sustainability reporting and some of the common challenges companies face as they increasingly embrace plus TCFD recommendations.

“One of the huge challenges that we have been facing for some time in [the sustainability framework] The space is the alphabetical soup of acronyms and standards issuers that standards issuers have worked with, Butler says. “We didn’t have a standard approach to looking at these issues.”

This is changing, however, as the International Sustainability Standards Board (ISSB) steps in.

The way Companies reporting on these issues are also changing, Butler adds, and in large part because of the TCFD. Today, he says, reporting is increasingly about risk – and opportunity – to business value. The question now is: will your business be viable?

Butler also talks about some of the areas companies often struggle with when it comes to TCFD reporting – and the common mistakes he sees.

In this episode of the Ticker, you will hear:

– What companies can learn from the UK, which among the G20 countries is perhaps the most advanced in rolling out mandatory TCFD reporting

– Why a growing number of other jurisdictions around the world are making TCFD-aligned reporting a requirement

– How the new ISSB is designed to bring together reporting standards

– Why IR is perfectly positioned to play a key role in the implementation of TCFD.