here is an increasing concern on the carbon bubble in the stock market valuation of companies those depend on fossil fuel based energy production. When countries ratify the global climate agreement, the industries which are the major contributors of climate change will be exposed to climate risk. Earth Summit of 1992, Kyoto Protocol of 1997(effective from 2005 to 2020) and Paris agreement of 2015 (effective from 2020) are the international agreements on climate change. Paris Agreement deals with greenhouse gas emissions mitigation, adaptation and finance emphasizing on consensus building, voluntary and nationally determined targets. Corporate all over the world, including India are voluntarily committing to the targets set by Paris Agreement. In India, SEBI has mandated Business Responsibility Reporting as national level Environmental, Social and Governance (ESG) reporting by corporate from FY 2012-13. India, being the fourth largest emitter of Greenhouse gas, it is interesting to measure the level of corporate climate change disclosure by large Indian companies and whether they have improved after introduction of Paris Climate Accord and introduction of BRR. Hence, this study measures the level of climate change disclosure by S&P Nifty 50 companies for 5 years from FY 2009-10 to FY 2016-17 using content analysis. By using NVivo software, keywords were searched from the contents of Annual Reports, Sustainability Reports & Integrated Reports. Using analysis of variance, this study found that there are significant company-wise, year-wise, sector-wise and categorywise (polluting Vs. non-polluting) differences in the level of climate change disclosure by large Indian companies. It is also found that there is a significant improvement before and after the implementation of Business Responsibility Reporting and introduction of Paris Climate Accord.