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Comment by __jf__ | Hacker News Reader

Meanwhile, awareness/disclosure of climate risk is rising sharply in large publicly traded companies, measured by counting the percentage of companies reporting "climate risk" in their 2019 annual reports:

- 26% of companies in EU

- 9% of companies in APAC

- 7% of companies in US

Still a long way to go obviously, but these numbers have doubled compared to fiscal 2017.

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Wow. Rising sharply, from what, 0%? Assuming the size of the US public markets is the largest in the world, and that we needed to take action decades ago to prevent climate change's worst effects, these statistics place the blame squarely on large corporations

No, blame is spread also on consumer mentality, consumer love a new and shiny, brainwashing advertising, economic thinkers pushing the idea of continual growth. Etc etc etc.

Our whole culture is culprit. Like, When people preach not to use plastic straws, while they define themselves by the shiny crap they excessively shop online.

Better late than never, says the optimist. If you break these numbers down by industry it looks like climate risk is primarily identified by (european) financials. Fiscal 2019:

             US  EUR APAC
   financls  12% 37% 16%
     energy   8% 20% 12%
  materials   8% 24%  7%
  utilities   3% 22%  7%
  industrls   3% 12%  3%
   consumer   5% 14%  4%
      telco   3% 12%  -
       tech   3%  8%  -
   healthcr   3% 11%  -

can you cite a source for this? I'm interested in learning more in detail

Source: own research after collecting and processing 14000 annual reports the last 2 years. Mostly for infosec purposes but it seems to be useful in other areas as well.

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