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More Southeast Asian firms have started climate reporting, but quality of disclosures trails major markets: EY

Jovi Ho
Jovi Ho • 4 min read
More Southeast Asian firms have started climate reporting, but quality of disclosures trails major markets: EY
Companies in the Asia-Pacific region are less likely to produce transition plans than their peers in Europe. Only 33% of companies in the region have a transition plan in place. Photo: Bloomberg
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Businesses worldwide have so far failed to put plans and funds in place to tackle climate change risks. This has derailed progress on vital global environmental goals, according to the latest EY 2024 Global Climate Action Barometer.

Now in its sixth year, the Barometer looks at the extent to which organisations across the globe are reporting on — and acting to mitigate — climate change risks. 

The latest edition, released on March 13, scrutinised the efforts of more than 1,400 businesses in 51 countries across 13 business sectors, examining their transition plans and the information they publish based on the 11 recommendations set by the Task Force on Climate-related Financial Disclosures (TCFD). 

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