A “majority” of the world’s companies are reporting their CO2 emissions and climate change strategy at least partially in line with Mark Carney and Michael Bloomberg’s high-profile effort to get them to do so, according to a progress update from the initiative.

However, the organisation also said that compliance with all its recommendations was far from widespread, many companies confined climate disclosures to corporate-sustainability reports rather than providing hard financial figures, and “further work is needed” to produce more “decision-useful” climate information.