Only 41% of businesses have plans in place to manage climate risks, with some of the worst offenders being the biggest emitters, according to the latest EY global climate action barometer. The report warns that a worldwide failure of businesses to put action plans and financial commitments in place to tackle climate change risks has derailed progress on vital global environmental goals.
EY’s annual barometer assesses the efforts of more than 1,400 businesses in 51 countries, across 13 business sectors, by looking at their transition plans and the information they publish based on the 11 recommendations set by the task force on climate-related financial disclosures.
See the next issue of CIR Magazine for more on this report.
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