The last few decades have witnessed a number of climate movements and advocacy campaigns aimed at connecting climate change with decision-making in various sectors of society including businesses. As a result, climate risk disclosure has emerged as a necessary element of corporate governance and financial reporting alongside the development of policies and goodwill action toward climate risks. Climate risk disclosure is essential for all stakeholders including investors, regulators, consumers, and society to provide information as to how owners of the companies are dealing with climate change-related risks. Such disclosure is critical for Improving transparency, developing accountability, and showing commitment to address climate change issues. The tools from the Task Force on Climate-related Financial Disclosures (TCFD), Global Reporting Initiative (GRI), and Sustainability Accounting Standards Board (SASB) are being developed in response to the demand for comprehensive climate risk disclosure guidelines. These frameworks assist companies in reporting climate risks alongside risk management mechanisms. Also, industry-specific solutions highlight the particular climate threat that various sectors encounter, thereby underscoring the significance of customized disclosure guidelines. The landscape of climate risk disclosure is changing because of technological progress including big data, artificial intelligence, and blockchain since they improve data analysis, security, and reporting capabilities. However, such developments do not eliminate the challenges of data availability, data availability, standardization, and transparency versus competition. To improve corporate climate risk reporting, it is recommended that companies follow industry standards, use resources and reporting technologies, focus on particular sectors, strengthen stakeholder communications and enhance the quality of the assurance and verification processes. Better disclosures further sustainability objectives, enhance policy making, and provide for long term sustainability by embedding climate risks in the corporate strategy and risk management. The development of climate risk reporting stresses its relevance to the corporate strategy and governance of the firms. In properly implemented standardization, technological solutions, and timely active interactions with stakeholders’ companies will improve the climate risk disclosure practice for the good of policy realization and for further sustainability goals.

Corporate Climate Risk Disclosure

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发表日期：

2025年

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C. A. Pinky Agarwal,
Neeraj Gupta,
Debapriya Samal

摘要

The last few decades have witnessed a number of climate movements and advocacy campaigns aimed at connecting climate change with decision-making in various sectors of society including businesses. As a result, climate risk disclosure has emerged as a necessary element of corporate governance and financial reporting alongside the development of policies and goodwill action toward climate risks. Climate risk disclosure is essential for all stakeholders including investors, regulators, consumers, and society to provide information as to how owners of the companies are dealing with climate change-related risks. Such disclosure is critical for Improving transparency, developing accountability, and showing commitment to address climate change issues. The tools from the Task Force on Climate-related Financial Disclosures (TCFD), Global Reporting Initiative (GRI), and Sustainability Accounting Standards Board (SASB) are being developed in response to the demand for comprehensive climate risk disclosure guidelines. These frameworks assist companies in reporting climate risks alongside risk management mechanisms. Also, industry-specific solutions highlight the particular climate threat that various sectors encounter, thereby underscoring the significance of customized disclosure guidelines. The landscape of climate risk disclosure is changing because of technological progress including big data, artificial intelligence, and blockchain since they improve data analysis, security, and reporting capabilities. However, such developments do not eliminate the challenges of data availability, data availability, standardization, and transparency versus competition. To improve corporate climate risk reporting, it is recommended that companies follow industry standards, use resources and reporting technologies, focus on particular sectors, strengthen stakeholder communications and enhance the quality of the assurance and verification processes. Better disclosures further sustainability objectives, enhance policy making, and provide for long term sustainability by embedding climate risks in the corporate strategy and risk management. The development of climate risk reporting stresses its relevance to the corporate strategy and governance of the firms. In properly implemented standardization, technological solutions, and timely active interactions with stakeholders’ companies will improve the climate risk disclosure practice for the good of policy realization and for further sustainability goals.