Businesses are finding it hard to manage reporting on climate risks and need to take urgent steps to meet the expectations of regulators as well as investors, according to a report. Leading consultancy EY's report covered over 1,100 organisations across 42 countries, including India, and focussed on efforts made by them to publish their climate-related risks and opportunities based on the recommendations set by the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD was established to improve and increase reporting of climate-related financial information. The scores of companies are based on the number of recommended disclosures that they make (coverage) and the extent or detail of each disclosure (quality).