TCFD sees greatest increase in climate disclosure yet

TCFD-supporting organisations now have combined market cap of $25trn

Elliot Gulliver-Needham
clock • 2 min read
More than half of companies TCFD reviewed disclosed their climate-related risks
Image:

More than half of companies TCFD reviewed disclosed their climate-related risks

83 of the world’s largest 100 companies now support or report by the Task Force on Climate-Related Financial Disclosures framework, according to the TCFD's 2021 Status Report.

It notes that for the first time, more than half of companies TCFD reviewed disclosed their climate-related risks, with disclosure increasing by 9% from 2019 to 2020, more than double the increase in the year prior. Since 2019, over 1,000 new organisations support TCFD recommendations, bringing the total to over 2,600 globally, spanning 89 countries with a combined market capitalisation of over $25.1trn, which is a 99% increase from last year. The report added that in this year, "official entities in eight jurisdictions have referenced the TCFD in announcements to require climate-rela...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Trustpilot