However, while levels of disclosure are increasing, they still fall short of the 11 recommended disclosures, says TCFD. Some 58% of companies disclosed in line with at least five of the 11 recommended disclosures, up from 18% in 2020 — but only 4% disclosed in line with all 11.
The Task Force on Climate-related Financial Disclosures (TCFD) published its sixth and final status report on Oct 12, noting a steady momentum in companies disclosing TCFD-aligned information though more progress is needed.
On average for 2022, companies reported in line with 5.3 of the TCFD’s 11 recommended disclosures, up from an average of 3.2 in 2020.
