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TCFD in 2024: broad adoption, thin depth
In fiscal 2023, 82% of companies disclosed at least one TCFD-recommended item, but only about 2% to 3% disclosed all 11. Broad uptake, then, did not mean comprehensive climate reporting. The recommendations cover how climate change affects governance, strategy, risk management, and metrics and targets. The figures show a sharp gap between reporting something and providing the full picture.
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