Reporting of climate risk factors and the quality of disclosures among Indian companies are behind that of world average, EY said in a survey report covering over 1100 global firms including 41 Indian companies. The survey released on Sunday said that in India, both coverage and quality of reporting remained below global averages but the number of Indian companies responding to global disclosure platforms is increasing. In November 2020, 24 Indian companies pledged to work with the government towards achieving the 2015 UN Paris agreement goals, as part of the India CEO forum on climate change, said the survey. The average quality score among all companies was only 42% of the maximum possible score across 11 reporting parameters. In general, the most advanced reporting is in countries leading the way with strong climate disclosure regulations and clear policy signals.

Source: Mint July 25, 2021 13:18 UTC