Climate Changed
Companies Make Progress Gauging Climate Risk, But Not Enough
- Task Force sees more companies are disclosing climate risks
- The pace of global warming makes resilience strategies urgent
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Companies too often make the mistake of thinking climate change is a long-term issue, but it’s actually affecting decisions today, according to a report by a global commission set to evaluate transparency into financial climate risks and opportunities.
More companies are discovering and disclosing the risks they face related to climate change, but need to do so in greater numbers and provide more transparency, according to an analysis of more than 1,100 company reports by the Task Force on Climate-Related Financial Disclosures, or TCFD. The number of items that each company shares information about rose to 3.6 on average in 2018 from 2.8 in 2016, the group found.