At first glance, the world’s 250 largest companies are not doing very well in recognizing and measuring financial risks related to climate change, according to a new report by KPMG.
The report, “Towards Net Zero,” noted just over half (56 percent) of the largest companies acknowledge climate change is a financial risk. Only about 1 in 5 are reporting the impacts of climate-related risks using scenario analysis (22 percent) or reporting risk analysis in line with global warming scenarios or a clear timeline (12 percent and 17 percent, respectively).
