Climate Risk Disclosure in Financial Markets: Trends and Implications
Keywords:
Climate risk disclosure, Carbon Disclosure Project (CDP), financial markets, SEC guidance, voluntary reporting, investor engagement, disclosure quality, transition risk, physical riskAbstract
Financial markets increasingly face material risks from climate change both physical (extreme weather, sea-leve rise) and transition (policy, technology, market shifts). This paper reviews the evolution of climate-risk disclosure practices in financial markets, synthesizing regulatory guidance, voluntary disclosure initiatives, investor-led requests and academic evidence on disclosure drivers and market effects.


