Blog: More S&P 500 Firms Disclosing in Line with TCFD – CDP – Regulation Asia

Over half (55%) of S&P 500 firms assessed by environmental disclosure platform CDP are 90-99% aligned with the Taskforce on Climate-related Financial Disclosures’ (TCFD) key recommendations.

However, the new report further noted that just 14% of these companies provided information on all TCFD-related questions outlined in its 2021 climate questionnaire, which covered the four TCFD pillars: strategy, governance, risk management, and metrics and targets.

Sixty percent of the sample provided data on the potential financial value of climate transition-related opportunities, with the combined value of these estimations reaching USD 4.8 trillion, CDP said.

Four hundred (80%) of all S&P 500 companies took part in the 2021 questionnaire.

Amir Sokolowski, CDP’s Global Director of Climate Change, said: “Disclosure must go beyond the impacts captured by the TCFD recommendations.”

“Rather than focusing only on financial and risk-based data, it is crucial that companies strive to measure their impacts on people and planet more widely.”

Read more articles like this on Regulation Asia’s sister publication, ESG Investor.

Over half (55%) of S&P 500 firms assessed by environmental disclosure platform CDP are 90-99% aligned with the Taskforce on Climate-related Financial Disclosures’ (TCFD) key recommendations.

However, the new report further noted that just 14% of these companies provided information on all TCFD-related questions outlined in its 2021 climate questionnaire, which covered the four TCFD pillars: strategy, governance, risk management, and metrics and targets.

Sixty percent of the sample provided data on the potential financial value of climate transition-related opportunities, with the combined value of these estimations reaching USD 4.8 trillion, CDP said.

Four hundred (80%) of all S&P 500 companies took part in the 2021 questionnaire.

Amir Sokolowski, CDP’s Global Director of Climate Change, said: “Disclosure must go beyond the impacts captured by the TCFD recommendations.”

“Rather than focusing only on financial and risk-based data, it is crucial that companies strive to measure their impacts on people and planet more widely.”

Read more articles like this on Regulation Asia’s sister publication, ESG Investor.

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