Climate-related financial disclosure by chemical sector companies

Chemicals play an essential role in almost every aspect of our daily lives. The chemical sector develops and supplies chemical products that serve a range of markets and industries, including nutrition, healthcare, electronics, buildings and transport. The chemical sector is carbon intensive but is also an enabler of the low-carbon transition. The sector has significant opportunities to develop its activities and products and to minimize its carbon emissions in response to the ambitions of the low-carbon transition.

The TCFD Chemical Sector Preparer Forum (“the Forum”) is a collaboration between AkzoNobel, BASF, DSM, Solvay, Sumitomo Chemical Company, Limited and the World Business Council for Sustainable Development (WBCSD). The aim of this report is to provide a snapshot, including examples, of how Forum member companies are currently providing effective climate-related financial disclosures. It includes perspectives from users of climate-related financial disclosures, including investors and other financial market participants. The report also explores some of the challenges Forum member companies face in responding to the TCFD’s recommendations and meeting the expectations of users of climate-related information.