The investigation report by KPMG International Standards Group, which is now in its second year, looked at the climate-related disclosures in 35 of the world’s leading banks' most recent annual reports and found that while 100% mention climate-related disclosures the more detailed progress in annual reports has slowed.

Of the banks surveyed, five of which were from the UK, 100% mentioned climate-related issues in the front sections of their reports, however only 37% noted climate in their financial statements with 23% including it in their financial risk management, 14% in their accounting policies, and only 9% mentioned it in relation to deferred tax assets and goodwill.