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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|Environmental Risks
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@wtwco.com.

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