For the first time ever, the City of Edmonton commits to disclosing its climate-related financials (unaudited) in future editions of the Financial Annual Report.
Discussion of disclosing this type of information began in 2015 globally, and was initially focused on the business community. Edmonton has joined Vancouver, Toronto and Montreal in being the first Canadian cities to commit to disclosing this information, contributing to Canada’s leadership in municipal climate risk disclosure.
The Task Force on Climate Related Financial Disclosure (TCFD) provides recommendations and guidelines on disclosing information related to climate change risks and opportunities in a clear and consistent way. This type of disclosure helps to ensure that the effects of climate change are being considered in decision making processes.