TheTask Force on Climate-related Financial Disclosures (TCFD)was established todevelop climate-related financial risk disclosure recommendationsto help investors, lenders, and regulators make informed decisions.
TheFinancial Stability Board (FSB), an international organization that monitors and makes recommendations about the global financial system, founded theTCFD in 2015.
The FSB recognizedclimate risk as a financial stability issueand launched the TCFD to standardize reporting.
Option A ("World Bank")→ Incorrect because theWorld Bank supports climate initiativesbut did not create the TCFD.
Option B ("United Nations")→ Incorrect because theUN has climate programs like the UNFCCC, but not the TCFD.
Option D ("European Commission")→ Incorrect becausethe EC develops its own sustainability regulations (e.g., SFDR, CSRD), separate from the TCFD.
Step 1: What is the TCFD?Step 2: Who Founded the TCFD?Step 3: Why the Other Options Are Incorrect
PRMIA Climate Risk Guidelines– Cites FSB's role in founding the TCFD.
FSB Official Reports (2015)– Confirms that the FSB established the TCFD.
PRMIA Risk References Used:
Final Conclusion:TheFSB founded the TCFD in 2015, makingOption C the correct answer.
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