Only 1.2% of world’s top firms make substantial climate disclosures-Arabesque – Reuters
- Date: 19-Nov-2021
- Source: Reuters
- Sector:Retail
- Country:Middle East
Only 1.2% of world’s top firms make substantial climate disclosures-Arabesque – Reuters
LONDON, Nov 19 (Reuters) - Little more than one percent of 5,000 big companies globally are making substantial disclosures of their climate risks, while more than half are not reporting them at all, according to data from ESG research and investment manager Arabesque.
Only 1.2% of the companies analysed by Arabesque -- most of them large listed firms -- reported on all 11 recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) in 2019.
Fifty-four percent of the top firms made no disclosures, it added.
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