TCFD presents the Net Zero Climate Resilient Hydropower initiative
25 January 2022
The Task Force on Climate-related Financial Disclosures has shared the Net Zero Climate Resilient Hydropower Initiative in its January 2022 industry-led initiative spotlight to help build broader awareness and encourage efforts to improve TCFD-aligned disclosure.
The Net Zero Climate Resilient Hydropower is a multi-stakeholder initiative that promotes a standardized climate-related reporting framework for hydropower assets. It aims to advance the availability and quality of climate-related information and disclosures and help mobilize climate investment to finance or refinance hydropower assets that support the water and energy systems’ resilience to climate change.
This reporting method will enable hydropower assets to inform the financial impacts of their climate-related risks and opportunities at the project level. It also provides recommendations and guidance to assist asset owners and operators in defining their roadmap to demonstrate their contribution to climate action.
The Task Force wants to help connect companies working to implement the TCFD recommendations with freely available efforts that support TCFD-aligned reporting.