Today: 1 June 2025
13 October 2023
1 min read

‘Sharp rise in companies’ climate-related risk disclosure’

The percentage of companies reporting on their climate-related targets increased by 24 percentage points between 2020 and 2022, according to the report…reports Asian Lite News

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 targets.

The percentage of companies reporting on their climate-related targets increased by 24 percentage points between 2020 and 2022, according to the report.

The TCFD provides information to investors about what companies are doing to mitigate the risks of climate change, as well as being transparent about the way in which they are governed.

ALSO READ-DELHI DECLARATION: India moves from G20 Leadership to Global Thought Leadership

Previous Story

MEA clears the air on downsizing Canadian diplomatic presence

Next Story

Jaishankar’s Security Upgraded to Z Category

Latest from -Top News

UAE aid for Gaza in global focus

Titled Hope Remains, the documentary brings to light the UAE’s leading role in providing vital aid and support to the people of Gaza. The International Humanitarian and Philanthropic Council has released a

Syria, Israel begin quiet talks

The announcement came just hours after Israeli warplanes reportedly carried out new airstrikes in Syria’s coastal provinces of Tartus and Latakia, hitting a range of military targets. Syria has confirmed the commencement

Gaza truce deal hits new snag

US says Hamas’ reply to the ceasefire plan was “totally unacceptable” and accused the Palestinian group of dragging the negotiations backward. The latest attempt to broker a ceasefire in Gaza has hit

IAEA flags Iran enrichment spike

The International Atomic Energy Agency (IAEA), in two separate but related reports, said Iran has boosted its uranium stockpile enriched up to 60% purity by nearly 50% since February. Iran has vehemently

World needs Dubai’s ambition: Morgan

Piers Morgan has hailed Dubai’s transformation as an example of what visionary leadership can achieve. British broadcaster Piers Morgan has praised the extraordinary ambition and vision of His Highness Sheikh Mohammed bin
Go toTop

Don't Miss

British scientist Jim Skea named new Chair of IPCC

Skea was elected by 90 votes to 69 in a

EU chief congratulates Modi for successful G20 presidency

The 18th G20 Leaders’ Summit was held in New Delhi