The Carbon Trust publishes findings on climate risk disclosure
31 Jan, 2019
The Carbon Trust has published a summary of its findings on climate risk disclosure, in which it reveals that two-thirds (67%) of UK corporates plan to disclose climate-related risks and opportunities in their 2019 annual reports.
72% of those surveyed believe that disclosing information about climate change in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) will increase a company's brand value and reputation. Other potential benefits mentioned include greater investor diversity, improved access to capital and an increased company valuation. Conversely, 59% did not identify any disadvantages in the short or medium-term which could arise as a result of providing the disclosures recommended by the TCFD.
The majority of respondents (62%) confirmed that none of their key investors or stakeholders have approached them to request improved climate risk disclosures.
The survey was conducted by Ipsos Mori and is based on interviews with 100 board members from the UK’s top 500 companies.
Please click to access further information on the Carbon Trust's website.
