How progress in climate disclosures can advance climate reporting
Financial institutions are improving climate disclosures. New standards will raise the bar further.
Alignment with established climate disclosure principles matters more as new standards emerge.
Trend analysis: comparing with earlier results
Disclosure pillars
Governance and strategy disclosures are more mature than metrics and targets.
Sectors
Banks and insurers lead; asset managers are catching up.
Calculating financed emissions
Methods are improving, but data gaps remain.
Credible transition planning
More institutions publish plans, but detail varies.
Scenario analysis to assess resilience
Use is growing, but results are rarely linked to strategy.
The role of assurance
Independent assurance increases confidence in disclosures.
Conclusion
Progress is real, but more work is needed for decision-useful reporting.
Summary
Climate reporting in financial services is maturing.
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