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PTClimate Risk Reporting: global trends and learnings
Last month, I attended the Climate Risk Reporting 2025 conference, organized by Sustainable Finance and Regulation (SFR) in London, England. The event discussed the challenges, opportunities and trends in corporate climate risk reporting, with a focus on companies adapting to new international sustainability and climate standards. I attended presentations by 62 speakers, including reporting leaders, investors and representatives from different sectors and consultancies – a diversity that promoted rich exchanges of experiences.
The main objective of the conference was to explore the changes in disclosure requirements (including ISSB, TPT, CSRD, SEC, CDP, GRI, CSDDD, among others) and to understand how European companies are preparing to implement them in an effective, reliable and transparent way. In this regard, adjustments to reports to meet ISSB (International Sustainability Standards Board) requirements and transparency in the preparation of reliable transition plans to a Net-Zero economy were addressed.
Based on this experience, I present below the main insights presented in the panels and complement them with my practical experience, in over ten years working in the area and following the evolution of the subject.
Lessons learned
The setback of the climate agenda in the United States may negatively affect global dynamics in the short and medium term, with direct repercussions on companies. Faced with a future that is (at least for now) inevitable, analysis aimed at identifying climate risks in companies across all sectors and geographies, also considering the production chain, becomes essential.
This analysis must be understood and incorporated strategically by decision-makers. In this sense, reports and frameworks serve as tools to provide greater transparency and security to boards, through adaptation plans that use a financial approach to investments in the short and medium term. Additionally, the use of technological systems to support risk management is essential for the company to have visibility over indicators and action plans.
Some fundamental steps in this process include the analysis of climate stress scenarios and the understanding of what, in fact, represents a material risk for each type of business. In this case, there is no single standard, as each company has specificities, such as greater or lesser dependence on the supply chain, for example.
The climate risk agenda is financial
Another crucial point is the translation of climate indicators into financial indicators. Herein lies the key to the correct use of analyses and to convincing senior leadership to embark on the agenda: business language — the business case that must be presented to the board. It is in this context that Climate Risk engineering emerges, which offers a holistic view for risk assessment and works on three aspects: access to capital, compliance and competitive advantage. These topics must be supported by the following pillars:
• Transition plan (with financial support);
• Strategic communication (language aimed at the board);
• Responsible Policy Strategy (decision-making based on reliable data);
• Financial Quantification (monetization of climate risks from a cost vs. investment perspective).
Three emerging trends
In addition to the lessons learned above, I highlight below the three trends identified in Climate Risk Reporting. Among them, I reinforce the importance of integrating the climate agenda with financial language and the role of technology in this theme, which were mentioned earlier in this article:
1. Translating climate variables into corporate financial frameworks
This initiative optimizes capital allocation. Thus, it is possible to work with stakeholders as in an investment plan. In other words, it is necessary to give financial credibility to the risks mapped in the financial planning (CAPEX, OPEX, KPIs, etc.). This change requires increasingly executive and financial business communication, clarifying the climate analysis.
2. Pragmatism in climate reporting
Denying climate risk due to regulatory changes, the geopolitical context and the relaxation of standards in the European Union is a danger to the sustainability of any business. The trend that will be observed from now on is towards pragmatism in reporting, so that the implications are not weakened, but rather, allow standards to be established. This is essential for audits to be able to assess metrics appropriately.
3. Need for reliable risk management tools
To ensure transparency, accuracy and comparability of both individual assets and portfolios, it is essential that investors have detailed information about the risks identified and, especially, what is being done to reduce them.
Finally, I would like to emphasize that climate risk analysis is no longer an option; it is essential to shape the future of sustainable finance in companies. At WayCarbon, through consulting services and our technology platform, we develop risk analyses and adaptation plans for organizations in sectors such as Retail, Energy and Agribusiness, and we have seen in practice the movement of large companies understanding the strategic value of this agenda.
Find out more about climate risk management in our white paper.
