Corporate climate reporting lacking transparency on financial impact: EY

Read the full story at ESG Today.

Global professional services firm EY announced the publication of its annual Global Climate Risk Barometer report, analyzing the state of corporate climate disclosures. The study found a significant increase in TCFD-aligned reporting by companies over the past year, but a continuing shortfall of transparency into the financial impact of climate-related risks, and a disconnect between climate reporting and action on decarbonization.

A key issue raised by the report is the disconnect between an increased level of climate-related disclosure, and companies’ ability to provide transparency on the material climate-related information, with only 29% of companies referencing climate-related matters in their financial statements.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.