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Why Kenyan firms struggle to quantify climate risk
ICPAK study shows strategic intent from boards of companies towards sustainability reporting is advancing faster than the firms’ ability to produce the detailed disclosures required under the new standards.
Kenyan firms are making progress in recognising climate change as a business issue but are struggling to translate this concern into measurable financial and operational data, exposing a key gap ahead of mandatory sustainability reporting next year.
A 2026 market readiness study by the Institute of Certified Public Accountants of Kenya (ICPAK), based on self-reported and unaudited data from 385 entities, shows many firms face a race against time to build the systems and data needed to quantify climate-related risks.
