GFMA and the Institute of International Finance (IIF) provide comments to the Task Force on Climate-related Financial Disclosures, Financial Stability Board, Bank for International Settlements, on the Recommendations of the Task Force on Climate-related Financial Disclosures, published December 14, 2016, and the Annex: Implementing the Recommendations of the TCFD, and the Technical Supplement - The Use of Scenario Analysis in Disclosure of Climate-Related Risks and Opportunities.