TCFD sees greatest increase in climate disclosure yet

TCFD-supporting organisations now have combined market cap of $25trn

83 of the world’s largest 100 companies now support or report by the Task Force on Climate-Related Financial Disclosures framework, according to the TCFD's 2021 Status Report.

It notes that for the first time, more than half of companies TCFD reviewed disclosed their climate-related risks, with disclosure increasing by 9% from 2019 to 2020, more than double the increase in the year prior. Since 2019, over 1,000 new organisations support TCFD recommendations, bringing the total to over 2,600 globally, spanning 89 countries with a combined market capitalisation of over $25.1trn, which is a 99% increase from last year. The report added that in this year, "official entities in eight jurisdictions have referenced the TCFD in announcements to require climate-rela...