Focus on Arts and Ecology

As COP23 kicks off in Bonn, KPMG's latest survey shows that almost three-quarters of companies worldwide are yet to acknowledge the financial risks of climate change in their annual financial reports.

KPMG's 2017 Survey of Corporate Responsibility Reporting analyzed financial and sustainability reporting by almost 5,000 companies around the world.

It found that,of the minority of companies that do acknowledge climate-related risk, fewer than one in 20 (4 percent) currently provides investors with analysis of the potential business value at risk.

The research identified only five countries in the world where a majority of the top 100 companies mention climate-related financial risks in their financial reports: Taiwan (88 percent), France (76 percent), South Africa (61 percent), US (53 percent)and Canada (52 percent

KPMG member firm analysts also looked at carbon reduction target setting by the world's largest 250 companies (G250). They found that while two thirds of reports from these companies disclose carbon reduction targets, the majority of those targets are not aligned with national or global climate targets such as INDCs or the Paris Agreement.

Download the survey, watch the video and explore the results on an interactive map at www.kpmg/com/crreporting


For further information, please contact:

Madeleine Karn
KPMG Center of Excellence for Sustainability Services madeleine.karn@kpmg.co.uk
+44 7780 222910