The TCFD surveyed disclosures of over 1,700 firms from diverse sectors with broad geographical representation.
Even though the TCFD found that the majority of the firms surveyed disclose information aligned with at least one of the TCFD recommended disclosures, many companies just describe climate-related risks and opportunities but don't disclose the financial impact of climate change on the company.
The report also notes that disclosures vary widely across industries and that more non-financial companies than financial companies reported their climate-related metrics and targets. In addition, disclosures are often made in sustainability reports or spread across financial filings, annual and sustainability reports.
Review the press release and the status report on the FSB's website.