Understanding, mapping and reporting of climate-related risks among listed firms in Sweden

We study the mapping and reporting of climate-related risks among firms listed on the NasdaqOMX stock exchange in Stockholm in four goods producing industries. Our study contains two parts: i) a study of the firms’ external communication through their annual reports, sustainability reports and webpages, and ii) a follow-up survey to the top management team. The survey contains quantitative questions as well as free text answers, which provides additional insights into the mapping and risk-handling of climate-related risks among the firms. We find that firms are likely to engage in some form of mapping and reporting of climate-related risks, but there are variations among the firms. Further, the management of climate-related risks appear to be a residual issue for most firms with little active engagement from the management team or board of directors.