We examine climate-related disclosures in a large sample of reports published by banks that officially endorsed the recommendations of the Task Force for Climate-related Financial Disclosures (TCFD).In doing so, we introduce a new application of the zero-shot text classification.By developing a set of fine-grained TCFD labels, we show that zero-shot analysis is a useful tool for classifying Mens Jackets climate-related disclosures without further model training.
Overall, our findings indicate that corporate climate-related disclosures increased after the launch of the TCFD recommendations and following individual endorsements.However, there are marked Advanced Wound Care - Alginates differences in the extent of reporting by recommended disclosure topic, suggesting that some recommendations have not yet been fully met.Our findings yield important conclusions for the design of climate-related disclosure frameworks.