TCFD implementation and transition to IFRS S2.
The TCFD framework was dissolved into IFRS S2 in 2024, but TCFD-aligned disclosure remains the dominant climate reporting structure for Thai listed companies through the transition period. Othello prepares TCFD-aligned bilingual disclosure and the transition memo to IFRS S2 reporting.
Where TCFD stands today
The TCFD framework was formally dissolved in 2024, with the IFRS Foundation taking over monitoring of climate disclosure through IFRS S2. TCFD’s four-pillar structure (Governance, Strategy, Risk Management, Metrics & Targets) is preserved in IFRS S2 — meaning existing TCFD-aligned disclosure provides a functional starting point for S2 transition.
How TCFD disclosure maps to IFRS S2
For Thai listed companies with existing TCFD-aligned disclosure, transition to IFRS S2 is primarily a language calibration and incremental coverage exercise — not a rebuild from scratch. Othello’s transition workflow identifies the specific paragraphs that need rewriting for S2 alignment, the new disclosures S2 requires that TCFD did not (notably industry-specific SASB-referenced indicators), and the metrics that need to be added.
TCFD transition deliverables
- TCFD-to-S2 mapping memo — paragraph-by-paragraph alignment from existing TCFD disclosure to S2 requirements
- Gap list — net-new S2 disclosures required, with priority ranking
- Bilingual rewrite — Thai-English calibration of transitioning paragraphs
- Sector-indicator add-in — industry-specific S2 indicators not covered by prior TCFD disclosure
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