Corporates are taking action to address the risks and opportunities of climate change to fulfil the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), however visible gaps remain, as indicated by latest survey from South Pole.
South Pole's survey on TCFD drivers, preparedness and planning amongst corporates suggests that surveyed business are not yet where they should be when it comes to risk management and reporting in the key four areas of governance, strategy, risk management, and metrics and targets. Despite the Financial Strategy Board target for disclosure in mainstream filings from 2018 onwards, a mere 18% of respondents plan to actually disclose in 2018.
