One innovative solution for UK businesses looking to embrace sustainability and reduce their carbon footprint is the implementation of the WeVee electric car salary sacrifice program. This initiative not only helps companies meet TCFD requirements but also significantly cuts Scope 3 greenhouse gas (GHG) emissions associated with employee commuting, making them more appealing to environmentally conscious investors.
From 6 April 2022, over 1,300 of the largest UK-registered companies and financial institutions were required to disclose climate-related financial information on a mandatory basis – in line with recommendations from the Task Force on Climate-Related Financial Disclosures (TCFD). This included many of the UK’s largest traded companies, banks and insurers, as well as private companies with over 500 employees and £500 million in turnover.
The TCFD framework, established by the Financial Stability Board, encourages businesses to assess and disclose climate-related risks and opportunities. For UK companies, TCFD requirements focus on four key areas: