Skip to main content
What can we help you find?
Survey Report

State of Climate Risk in India

Survey findings now available

December 6, 2022

WTW’s State of Climate Risk in India survey helped to examine how Indian companies currently align with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Climate|Medioambiental
Climate and Resilience Hub|Climate Risk and Resilience|ESG In Sight

WTW conducted the State of Climate Risk in India survey to examine how Indian companies currently align with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Key findings of the survey

Status of companies’ alignment with TCFD

More than half of the companies (53%) are having active or limited internal discussions to disclose under the TCFD framework. 47% of the companies are not yet privy to TCFD.

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.

Please complete the form to receive the survey findings.If you would like to have a briefing with our Climate and Resilience Hub team or for more information, please write to us at wtwindia@willistowerswatson.com.

Related content tags, list of links Survey Report Climate Environmental Climate and Resilience Hub Climate Change ESG In Sight India

Related Capabilities

Climate
Climate Change
Risk & Analytics
ESG In Sight
Climate Resilience & Financial Services

Related Insights

See all insights
Video
The hidden cost of climate change
Article
How organizations can harness employee power for climate goals
Article
Executive Compensation Key Driver for fulfilling India’s Net Zero Commitment
Article
How better metrics on climate risk can accelerate progress to net zero
Article
India Inc can no longer ignore climate shocks
Webcast
On-demand Webinar | Managing Climate Risk
Contact us