State of Climate Risk in India

Governance

A majority (82%) have had some form of board-level discussion on the financial impact of climate change to their business and have board-level and CEO level oversight on climate risks (73%).

Strategy

Companies considered climate change under their Sustainability Agenda (64%), Corporate Strategy (43%), Risk Management (43%) and Finance (32%), showcasing an understanding of the key business functions for assessing climate-related financial risks and opportunities.

Risk management

A quarter of companies are prepared or intend to disclose under the TCFD framework, but further work is required.

Metrics and targets

Majority of the companies (82%) disclose the metrics and targets used to assess climate-related risks.