This report, following the report on companies and climate change published in 2023, emphasizes the increasing use of international environmental disclosure standards such as the Global Reporting Initiative (GRI).
Key points
- There is evidence that the objectives of the Paris Agreement are being integrated into the strategy of companies across all sectors. The degree of strategic integration varies at country level and within each sector, pointing to the need for consistent policy support.
- Among the three objectives of the Paris agreement of climate change mitigation, adaption, and contribution to the transition to net zero, adaptation is the one receiving the least attention from entities in the form of physical risk assessment, and consequently the management of those risks. This was barely mentioned by any of the entities examined in the company level research.
- Common international environmental disclosure standards such as the Global Reporting Initiative (GRI) are being increasingly used, facilitating the categorisation of companies by degree of advancement of their mitigation efforts.
