Climate risk disclosures and global sustainability initiatives: A conceptual analysis and agenda for future research

Simple item page
dc.citation.issue6
dc.citation.volume32
dc.contributor.authorNgo T
dc.contributor.authorLe T
dc.contributor.authorUllah S
dc.contributor.authorTrinh HH
dc.date.accessioned2024-02-23T02:12:53Z
dc.date.accessioned2024-07-25T06:42:38Z
dc.date.available2022-12-28
dc.date.available2024-02-23T02:12:53Z
dc.date.available2024-07-25T06:42:38Z
dc.date.issued2023-09-11
dc.description.abstractClimate change impacts, risks and sustainability disclosures have attracted increasing attention from scholars in various streams of the economics and finance literature towards achieving the UN's Sustainable Development Goals (SDGs). Within the stream of climate finance, the global initiatives for corporate social responsibility (CSR) and environment, social and governance (ESG) practices have had important roles in leveraging firms to become more actively involved in environment-related disclosure, in which climate risk reporting is central to evaluating whether and to what extent a firm and its operations are friendly to the environment. Along with the growth of the UN Principles for Responsible Investing in 2005, one of the most recent global initiatives that has been formed is the Taskforce on Climate-Related Financial Disclosures (TCFD), which has considered the climate-related financial disclosure recommendations of G20 finance ministers. Given that TCFD recommendations have recently been released for a broad domain of players (such as banks, investors, insurers and governments) in various countries (e.g., New Zealand, the United States and Japan), we surveyed the most recent studies on the TCFD by using a conceptual framework for climate-related disclosures focusing on studies published worldwide. On the basis of a thorough review, we highlight the essential functions of financial markets and also provide the critical implications for different market players ranging from providers to supporters of the TCFD. Our study offers a timely conceptual review of the TCFD which is critical for stimulating sustainable investments, climate finance and enhanced corporate reporting.
dc.description.confidentialfalse
dc.edition.editionSeptember 2023
dc.format.pagination3705-3720
dc.identifier.citationNgo T, Le T, Ullah S, Trinh HH. (2023). Climate risk disclosures and global sustainability initiatives: A conceptual analysis and agenda for future research. Business Strategy and the Environment. 32. 6. (pp. 3705-3720).
dc.identifier.doi10.1002/bse.3323
dc.identifier.eissn1099-0836
dc.identifier.elements-typejournal-article
dc.identifier.issn0964-4733
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/70724
dc.languageEnglish
dc.publisherERP Environment and John Wiley and Sons Ltd
dc.publisher.urihttps://onlinelibrary.wiley.com/doi/10.1002/bse.3323
dc.relation.isPartOfBusiness Strategy and the Environment
dc.rights(c) 2022 The Author/s
dc.rightsCC BY 4.0
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectclimate disclosure
dc.subjectclimate risk
dc.subjectconceptual analysis
dc.subjectreporting
dc.subjectsustainability initiatives
dc.titleClimate risk disclosures and global sustainability initiatives: A conceptual analysis and agenda for future research
dc.typeJournal article
pubs.elements-id459016
pubs.organisational-groupOther
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