Strengthening climate disclosure for greater transparency and resilience

Public water utilities are facing growing expectations to clearly disclose how climate risks and opportunities affect their operations, finances and long-term resilience. For this client, existing reporting did not fully align with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, making it harder to communicate a consistent and credible narrative to stakeholders. Without a structured approach, gaps can persist and limit confidence in disclosures. Assessing current practices against TCFD guidance and industry peers provided the organization with a clearer understanding of its reporting maturity and where improvements were needed — and created a pathway to more transparent, disclosures that are more useful for decision-making and better reflect climate-related risks and opportunities. 

Jacobs delivered a tailored TCFD gap and peer analysis, benchmarking the client’s current disclosures against leading practices and regulatory expectations. We identified priority gaps across governance, strategy, risk management and metrics, and developed a practical roadmap to guide future reporting. Our approach focused on what could be implemented and scaled — supporting stronger internal alignment, more effective stakeholder engagement and improved capability over time. The result is a clearer, more structured approach to climate disclosure that enables the client to communicate with greater consistency and strengthen its response to a changing climate landscape.