Amidst a deluge of sobering reports on sustainability, it is always heartening to receive positive news that can instil us with the motivation to persist in our efforts. Here are some heartening insights gleaned from the TCFD (Task Force on Climate-related Financial Disclosures) 2023 Status Report which has been published a couple of days ago:
- 58% of publicly listed companies have divulged a minimum of 58% of the recommended disclosures.
- There has been a notable upsurge in reporting climate-related targets.
- Sustainability reporting is gaining traction at a quicker pace in comparison to utilising financial reports for sustainability disclosures.
- A considerably larger number of asset managers have reported with at least five recommended disclosures.
Results of this nature underscore the significance of sustained endeavour, as the pressure on companies is unquestionably making headway, and the ultimate goal of heightened transparency and accountability is slowly but surely being actualised.
For a more comprehensive understanding, we recommend perusing the full report via the following link.