- Title
- An Exploratory Study on Climate-related Financial Disclosures: International Evidence
- Creator
- Bose, Sudipta; Hossain, Amir
- Relation
- Corporate Narrative Reporting: Beyond the Numbers p. 211-233
- Publisher Link
- http://dx.doi.org/10.4324/9781003095385-16
- Publisher
- Routledge
- Resource Type
- book chapter
- Date
- 2022
- Description
- We examine the extent of firm-level disclosures of climate-related financial information in response to recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Specifically, we examine the level of climate-related financial disclosures after the release of the TCFD framework in 2017. We find that the level of climate-related financial disclosures increased after the issuance of the TCFD framework based on 3,887 firm-year observations from 57 countries that responded to the CDP (previously, Carbon Disclosure Project) climate change questionnaire from CDP2019 to CDP2020. The study findings offer an insight into companies’ climate-related financial disclosure practices to regulators, policymakers, and standard-setters. This insight facilitates the creation of a comprehensive disclosure policy to shape companies’ climate-related financial disclosure practices for their long-term financial stability, amidst a background in which companies worldwide are voluntarily supporting the TCFD and its recommendations.
- Subject
- climate change; emissions; financial decision making; Financial Stability Board (FSB)
- Identifier
- http://hdl.handle.net/1959.13/1475883
- Identifier
- uon:49683
- Identifier
- ISBN:9781003095385
- Language
- eng
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