Ready or not: Are companies prepared for the TCFD recommendations?

  • CDSB (Climate Disclosure Standards Board) Image

Mar 19, 2018

On March 19, 2018, the Climate Disclosure Standards Board (CDSB) and the Carbon Disclosure Project (CDP) released a report on research into 1,681 companies across 14 countries and 11 sectors that shows that there is a gap between the way companies identify climate-related risks and opportunities and how they are preparing to tackle them.

The vast majority of companies acknowledge that climate change poses financial risks for their business with 83% of companies recognizing the physical risks, and 88% identifying policy changes/new regulations as the main risks of transitioning to a low-carbon economy.

But when it comes to turning awareness into action, there is still a disconnect in many sectors and countries. For instance, more than 8 in 10 companies oversee climate change at the board level, but only 1 in 10 provides incentives for the management of climate change issues.

Review the press release and the report on the CDP's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.