Press Release

New York, NY | September 24, 2025 – The Task Force for Corporate Action Transparency (TCAT) has officially launched two landmark guidance documents that transform how companies measure, report, and verify the impact of climate action.

TCAT was created to unlock decarbonization at scale and meet the needs of the evolving greenhouse gas accountability landscape. The Mitigation Action Accounting and Reporting Guidance (MAARG) and the Target Accounting and Reporting Guidance (TARG) promote transparent, credible, and comparable measurement and reporting of corporate climate action.

While existing standards have helped companies launch their decarbonization journeys, they do not fully address the full suite of decarbonization opportunities, nor do they meet the requirements of today’s complex financial and regulatory disclosure environment. The MAARG and TARG are designed to close that gap with guidance that is assurance-ready, flexible, and aligned with both existing and emerging standards.

“Ongoing lack of clarity in the climate action and target accounting sector has slowed voluntary corporate action and investment. The Task Force for Corporate Action Transparency provides third party assurable guidance to help companies transparently and consistently report on the full range of climate actions they are implementing. We look forward to working with other standard setters to align on comprehensive and coherent reporting frameworks that recognize the full range of actions companies are undertaking,” said Chris Davis, interim head of the TCAT Executive Team.

By offering guidance that is third-party-assurable and designed to meet investor and regulator expectations, TCAT enables companies to measure impact and make claims that are real, measurable, and rigorous. The guidance also helps unlock additional climate capital by restoring trust in how impact is both demonstrated and disclosed.

“At this pivotal moment for climate action, many organizations remain stuck in a holding pattern. What’s needed is a bridge from existing guidance to a verifiable, transparent model to unlock the full range of decarbonization opportunities. This approach can both hold companies to the highest standards of transparency and rigor, while creating space for innovation,” said Angela Churie Kallhauge, Executive Vice President, Impact, Environmental Defense Fund

With TCAT and its guidance documents, companies can better demonstrate progress toward their climate goals and deliver decarbonization at scale.

"Even in these challenging times, companies are taking action on climate to manage risk, seize opportunities, attract the best talent, and meet the needs of their customers and investors. Rather than holding them back, we in the NGO community should be enabling them to succeed, giving them the tools they need to ensure integrity, accountability, and true ambition in climate action” said Center for Climate and Energy Solutions (C2ES) President Nat Keohane. "The TCAT initiative will do just that, responding to calls from businesses for clearer and more rigorous guidance along with practical tools to track, report, and verify the actions they are taking to reduce emissions across their operations and value chains as well the investments they are making in solutions that will have impact in the wider world.”

Visit www.TCATaction.org to learn more and download the MAARG and TARG guidance documents.

For More Information Contact: Kalee Kreider, (615) 332-5004 or kalee@thekreidergroup.com