India, Nov. 2 -- All 12 of India's largest Asset Management Companies (AMCs), which together manage more than 80% of the country's mutual fund assets, scored zero on climate scenario analysis and stress testing for the second year running. While three AMCs now disclose verified emissions from their own operations and two have set time-bound targets to reduce them, none publicly disclose the emissions of the companies in their portfolios (financed emissions). These findings come from the second edition of Risking Alpha, a climate-risk assessment for the mutual fund industry released on Friday by Climate Risk Horizons (CRH).

The scorecard records broad improvement across the industry. 10 of the 12 fund houses raised their overall scores th...