Companies making ‘slow progress’ on climate-related financial disclosures

Only 3% of companies are disclosing enough information on their resilience to climate-related risks, according to a report by an international task force published on Wednesday

Only 3% of companies are disclosing enough information on their resilience to climate-related risks, according to a report by an international task force published on Wednesday.

Despite a slight improvement in corporate disclosure since 2016, only around a quarter of the 1,000 large companies surveyed had disclosed information aligned with at least five out of 11 recommendations issued in June 2017 by the Task Force on Climate-related Financial Disclosures (TCFD).

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