Of the 134 multinational companies responsible for up to 80 per cent of corporate industrial greenhouse gas emissions, 98 per cent did not provide sufficient evidence about the impacts on climate-related matters. This is one of the findings of a new report of 'Still Flying Blind -- The Absence of Climate Risk in Financial Reporting' released by the Carbon Tracker Initiative on Thursday.

The companies surveyed included those from the fossil fuel, mining, manufacturing, automotive and technology sector that are focus companies for the investor-led Climate Action 100+ engagement. The lack of information available to investors is underscored by the fact that none of the companies met all the Climate Action 100+ Climate Accounting and Audit Assessment (CAAA) methodology metric requirements, which includes the analysis of company financial statements.