The results of the survey suggest that climate-related risks and opportunities are reflected in the price of financial instruments to a certain degree, but there is still room for improvement in pricing. Challenges include increasing the availability of information, such as enhancing information disclosure and bridging data gaps on climate-related data.
Efforts could also be made to improve transparency in evaluating activities related to Environmental, Social, and Governance -- or ESG -- and to further develop the assessment methodologies of climate-related risks and opportunities. Many business firms emphasized the importance to their business strategy and investor relations, including earning a good reputation and diversifying their investor base, as motivation for issuing ESG bonds.