Private Markets Climate Disclosures - Benchmarking 2025

Private Markets Climate Disclosures - Benchmarking 2025

A data-driven analysis of TCFD climate disclosures for $6.5 trillion of private capital, highlighting reporting trends and best practice in the US, UK, and Europe.

Despite regional variations, the data shows an increasing quality and quantity of climate disclosures around the world. And, in line with the intentions of the TCFD, it reveals that companies and investors are increasingly going beyond disclosure to integrate climate risk into operational decision making.

Report front cover

Nearly all managers say they assess climate risks pre-investment—yet only a minority disclose what that risk actually means in financial terms.

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