The financial risk from carbon pricing schemes depends on a company’s carbon efficiency, location of operations, business model, and the market conditions of the sector. At present, many companies measure their carbon footprint, which is an essential first step in understanding carbon efficiency of past operations, but it has a blind spot in regard to future carbon pricing risk exposure. Because a significant share of carbon pricing risk could come from supply-chain activities and energy-intensive products, it is essential for companies to account for companies to account for their carbon risk beyond their direct operations. Meaningful disclosure by companies on future carbon risk, as recommended by the TCFD, will help decision-making of investors and help accelerate mainstream green finance.