FY 2023 climate disclosure: uptake rose, completeness lagged

82% of 3,814 companies disclosed at least one TCFD item, but only about 2% to 3% disclosed all 11.

44% of companies disclosed at least five of the 11 TCFD recommendations.

Only 11% disclosed how their strategy would hold up under different climate scenarios.

Just 18% explained how climate risk processes are integrated into overall risk management.

Climate reporting was stronger on simpler items, with GHG emissions at 63% and climate metrics and targets above 50%.