ACADEMIA Letters CLIMATE CHANGE FINANCIAL DISCLOSURE: THE REVOLUTIONARY ROLE OF FINANCIAL INSTITUTIONS AND THE CENTRAL BANK OF NIGERIA IN MEETING THE NET ZERO GOAL BY 2050 Oluwasegun Ojebiyi, BPP Law School APPRAISING THE MOVE TOWARD A NETZERO ECONOMY FROM A GLOBAL VIEW The recent heat waves and food[1] has repositioned global attention toward the urgent need to combat climate change through the instrumentality of green fnancing. This envisages a situation where fnancial institutions have to diversify their investment portfolios towards low carbon technologies, services and infrastructures that would be needed to meet the govern- ment’s commitment to bring down domestic greenhouse gas emission to net zero by 2050.[2] In December 2015, the Financial Service Board launched the industry-led Task Force on Climate-related Financial Disclosures (”TCFD”) to develop recommendations on climate- related fnancial disclosures. The TCFD published its fnal recommendations in June 2017 and its latest status report was published on 29 October 2020. The TCFD recommendations provide for a voluntary approach to climate related fnancial disclosures. The recommendations are structured around four thematic areas that includes Governance, strategy, risk management as well as metrics and target. These thematic areas are applicable to organizations across various sectors and jurisdictions. The TCFD hopes that these recommendations will provide a standardized approach to climate change reporting, so that risks and opportunities can be categorized consistently, and Academia Letters, October 2021 Corresponding Author: Oluwasegun Ojebiyi, ojebiyisegun@gmail.com Citation: Ojebiyi, O. (2021). CLIMATE CHANGE FINANCIAL DISCLOSURE: THE REVOLUTIONARY ROLE OF FINANCIAL INSTITUTIONS AND THE CENTRAL BANK OF NIGERIA IN MEETING THE NET ZERO GOAL BY 2050. Academia Letters, Article 3652. https://doi.org/10.20935/AL3652. 1 ©2021 by the author — Open Access — Distributed under CC BY 4.0