A new Harvard Business Review article argues that strong sustainability reporting does not guarantee that a company is prepared for climate risks. Based on OECD data showing that firms representing 91% of global listed market capitalization now disclose sustainability information, the authors warn that many companies are 'surface strategists' who publish detailed reports but lack concrete plans for actual disruptions. The gap matters for investors, lenders, and supply chain managers. A company can look compliant on paper while having no clear answer for how it will operate through a flood, drought, or grid failure. The article encourages readers to separate disclosure quality from operational resilience, and to push companies to connect climate risk reporting with real capital planning and contingency measures.
