Repurposing the use of the Task Force on Climate-related Financial Disclosures framework for South Africa’s public sector

Joseph Tinarwo and Lourens J. Erasmus
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Joseph Tinarwo: University of South Africa
Lourens J. Erasmus: University of South Africa

International Journal of Research in Business and Social Science (2147-4478), 2025, vol. 14, issue 8, 157-168

Abstract: Climate change is increasingly recognised as a significant threat to economic development. As efforts to transition to a low-carbon economy continue to intensify, there is a growing realisation among proponents of sustainable development that public sector organisations need to disclose climate risks and opportunities associated with their operations. Climate risk disclosures in the public sector offer countries unique insights and opportunities to pursue a sustainable path toward a low-carbon economy. Although there are many studies on climate-risk disclosures in the private sector, studies on the public sector are scarce. A systematic review of academic and grey literature was used to analyse the potential of adapting the TCFD framework to the public sector of South Africa. The study found that the TCFD recommendations provide a globally standardised approach to climate risk disclosure, allowing comprehensive reporting and comparison of climate-related information between sectors and entities to promote climate resilience and transition to a green economy. To effectively implement the recommendations of the TCFD in the public sector of South Africa, improved capacity building, strong legal and institutional frameworks, bold multi-stakeholder and multi-sectoral approaches, adequate budget support and strong advocacy and communication efforts are needed. The study will be important to the IPSASB and other stakeholders to develop sustainability reporting standards for the public sector, as well as promote climate risk disclosures by government entities. Key Words:

Date: 2025
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