Sharp rise in companies' climate-related risk disclosure: G20 report

A new report from a G20 advisory body highlights significant growth in companies' disclosure of climate-related risks and opportunities between 2020 and 2022. The report, based on Task Force on Climate-related Financial Disclosures (TCFD) recommendations, reveals a 26 per cent increase in companies disclosing their climate-related risks and opportunities, while oversight by company boards in this regard rose by 25 per cent. The Task Force assessed the current state and evolution of climate-related financial disclosures using artificial intelligence technology. It reviewed reports of more than 1,350 public companies over a three-year period fiscal years 2020, 2021 and 2022. Climate-related metrics disclosure led the way with over 70 per cent of companies disclosing the metrics they use. Reporting on greenhouse gas emissions and climate-related targets also showed considerable progress (both at 66 per cent), with a 24 per cent increase in companies reporting on their climate-related

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