Gustavo Bernal Torres
Survey Reveals Cost of Climate Disclosure for Issuers and Investors
The new study explored the costs and benefits perceived by corporate issues and institutional investors of climate-related disclosures.
A survey commissioned by Persefoni and Ceres and undertaken by ERM, has revealed what organizations are currently spending to measure, manage, and disclose climate-related financial information. While these numbers represent a current and historical baseline, the cost of climate change disclosure will decline even further as more organizations move away from manual processes and leverage carbon accounting software.
The ERM survey found that, on average, corporate issuers are spending $533,000 annually on climate-related disclosure activities, while institutional investors are spending an average of $1,333,000 annually to acquire and analyze climate data to inform their investment decisions. These results are based on survey responses from 39 corporate issuers and 35 institutional investors.