A new report by Greenpeace reveals that 93% of the 250 largest listed companies in the UK do not refer at all to climate-related risks and impacts risk in their financial statements.

Only 4% of the 250 companies reviewed made a clear reference to climate risk in their financial statements with another 3% making ‘unclear or limited disclosures’.

When it came to auditors, only 4% of audit reports across the 250 companies provided ‘a clear explanation of whether the auditors had considered climate change-related factors in their audit’. An additional 17% of audit reports were identified as having ‘some concerns’ on this issue and no auditors met the ‘good practice’ criteria.

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