1、How will climate transition planning empower you to shape the future?EY Global Climate Action Barometer 2024ContentsForeword 3Executive summary 41:Sector focus 82:Market focus 143:Climate risk and financial performance 224:Adoption of the IFRS Sustainability Disclosure Standards 265:Transition plann

2、ing 306:A call to action 38About this research 402 EY Global Climate Action Barometer 2024Climate change is the greatest existential threat facing humanity today1 although you probably wouldnt realize this from the climate disclosures of the worlds biggest companies.Most are still not reflecting the

3、 physical or transition risks associated with climate change in their financial statements.Neither do many communicate a plan for transitioning to a net-zero economy,with capital and operational expenditures (capex and opex)projections still not in place.The unavoidable takeaway from these omissions

4、 is that most companies remain woefully unprepared for the disruption that is upon us.While it is true that many companies have gradually improved their disclosures over the years,current disclosure quality does not indicate that companies are taking sufficient tangible action to address climate cha

5、nge.As a result,they are not transitioning at the rate needed to hit net zero by 2050 or achieve the goals of the 2015 Paris Agreement.Inaction rather than action has been a familiar theme of this report,which has tracked corporate progress on mitigating climate change for the past six years.So it i

6、s disappointing to see the same theme continuing to prevail in 2024.To help highlight the need for acceleration of climate transition progress,the name of the report has been changed.Previous editions were known as the Climate Risk Barometer.This year,the report has been renamed the Climate Action B