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In April 2024, CDP rolled out a dedicated SME corporate questionnaire , which is a simplified version of their corporate questionnaire and allows SMEs to report voluntarily. This means companies MUST consider the financial risks of climate change on the company’s financial situation – short, medium and long term.
Only 1% of over 13,000 corporates across 13 industries and 117 countries disclosed against 24 key climate transition plan indicators, according to a 2021 report by sustainability disclosure platform CDP. In 2021, the TCFD consulted on its metrics, targets and transition plans, with a view to updating its original 2017 framework and guidance.
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