1.2% Top Firms Disclose Climate Impact – Arabesque

In today’s world, climate change is one of the most pressing issues that we face. The effects of climate change are already being felt around the world, and it is clear that urgent action is needed to mitigate its impact. However, in order to take effective action, we need to have a clear understanding of the impact that businesses are having on the environment. This is where Arabesque comes in.

Arabesque is a leading provider of sustainable investment solutions. They use cutting-edge technology to analyze the environmental, social, and governance (ESG) performance of companies around the world. Their aim is to help investors make informed decisions about where to invest their money, based on the impact that companies are having on the environment and society.

Recently, Arabesque released a report that analyzed the climate impact of the world’s top 2,000 companies. The report found that only 1.2% of these companies disclose their climate impact in a way that is consistent with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). This is a worrying statistic, as it suggests that the vast majority of companies are not taking climate change seriously enough.

The TCFD was established by the Financial Stability Board in 2015, with the aim of improving the transparency and consistency of climate-related financial disclosures. The TCFD’s recommendations provide a framework for companies to report on their climate impact in a way that is clear, concise, and comparable. However, despite the importance of these recommendations, very few companies are actually following them.

Arabesque’s report highlights the need for greater transparency and accountability when it comes to climate change. If we are to tackle this issue effectively, we need to have a clear understanding of the impact that businesses are having on the environment. This means that companies need to be more transparent about their climate impact, and investors need to demand this transparency.

Arabesque’s report also highlights the importance of sustainable investment. By investing in companies that are taking climate change seriously, investors can help to drive positive change and encourage other companies to follow suit. This is not only good for the environment, but it is also good for business. Companies that are taking climate change seriously are more likely to be resilient in the face of future challenges, and they are more likely to attract investors who are looking for sustainable investment opportunities.

In conclusion, Arabesque’s report is a wake-up call for businesses and investors alike. We need to take climate change seriously, and we need to demand greater transparency and accountability from companies. By doing so, we can help to create a more sustainable future for ourselves and for future generations.