The KPMG Survey of Corporate Responsibility Reporting 2017 published in October 2017 found that almost three quarters (72 percent) of large and mid-cap companies worldwide do not acknowledge the financial risks of climate change in their annual financial reports. Of the minority that do acknowledge climate-related risk, less than one in 20 (4 percent) provides investors with analysis of the potential business value at risk. The survey studied annual financial reports and corporate responsibility reports from the top 100 companies by revenue in each of the 49 countries included in the survey. Hence, a total of 4,900 companies were surveyed in the survey.