State of climate disclosures in Colombia - First evaluation

Resource Description:

This resource presents the results of the first evaluation of climate-related disclosures by 46 Colombian securities issuers, conducted in alignment with TCFD recommendations.

Key Insights:

1. Uses 34 evaluation criteria across the four TCFD pillars to assess issuer disclosures
2. Scores each issuer across four categories, with results expressed as percentages from 0 to 100%
3. Identifies common gaps, such as limited detail on scenario analysis and risk quantification
4. Highlights best practices to support improved disclosure in future reporting cycles
5. Provides a detailed methodology to guide future assessments and capacity building

Why This Matters:

As climate disclosure becomes a regulatory expectation, this evaluation offers a baseline for improving transparency and alignment with global standards. It equips the Colombian market with insights to strengthen future climate reporting practices.