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Sustainability reporting, including climate, is rapidly evolving and formalising, with the development of standards in the international regulatory space as well as specific jurisdictions such as the EU and the US. The International Sustainability Standards Board (ISSB) is taking a 'climate-first' approach, as is the US Securities and Exchange Commission (SEC). 

Our benchmarking analysis focuses on the climate-related disclosures made by 35 major banks around the world. 

There are two phases to our analysis, and we are pleased to share insights from Phase 1: our benchmarking of the banks’ climate-related disclosures in their 2022 annual reports.

Coming soon:

The Task Force on Climate-related Financial Disclosures (TCFD) framework provides common input into many of the incoming standards. Our follow-up report in phase 2 will focus on banks’ TCFD disclosures and will also cover climate-related disclosures in banks’ other standalone reports. 

Overview and key trends


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