Readiness for Mandatory Climate-Related Disclosures: A Tri-Jurisdictional Analysis of Governance Attributes in Australia, New Zealand and the United Kingdom

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dc.citation.volumeEarly View
dc.contributor.authorMoses O
dc.contributor.authorBui B
dc.contributor.authorHouqe MN
dc.contributor.authorBorghei Z
dc.date.accessioned2025-03-04T19:55:37Z
dc.date.available2025-03-04T19:55:37Z
dc.date.issued2025-02-03
dc.description.abstractWe evaluate the preparedness of companies in Australia, New Zealand and the United Kingdom to comply with emerging mandatory climate-related disclosures (CRDs) aligned with TCFD recommendations, using their Carbon Disclosure Project (CDP) information. Our analysis also examines the corporate governance attributes influencing their readiness to disclose such information. The findings reveal a strong integration of the Governance aspect of TCFD-recommended disclosure, with an 86% alignment between CDP and TCFD disclosures in the Governance theme. However, lower alignment is observed for Strategy (50%) and Metrics and Targets (49%), highlighting the need for immediate improvements in these areas. Firms with more gender-diverse boards and the presence of a sustainability committee demonstrate greater readiness to comply with CRDs consistent with TCFD recommendations. These insights shed light on firms' readiness for emerging mandatory CRD across jurisdictions, especially considering the new IFRS sustainability standards. The results underscore the urgent need to enhance competencies in Strategy and Metrics and Targets, where alignment is weakest. Practically, by documenting these insights, we provide managers with early guidance on the implications of their current CRD practices. This is especially relevant for firms subject to, or soon to be impacted by, mandatory sustainability regulations in their jurisdictions. The findings hold paramount significance for managers, policymakers and regulators.
dc.description.confidentialfalse
dc.identifier.citationMoses O, Bui B, Houqe M, Borghei Z. (2025). Readiness for Mandatory Climate-Related Disclosures: A Tri-Jurisdictional Analysis of Governance Attributes in Australia, New Zealand and the United Kingdom. Business Strategy and the Environment. Early View.
dc.identifier.doi10.1002/bse.4154
dc.identifier.eissn1099-0836
dc.identifier.elements-typejournal-article
dc.identifier.issn0964-4733
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/72572
dc.languageEnglish
dc.publisherERP Environment and John Wiley and Sons Ltd
dc.publisher.urihttps://onlinelibrary.wiley.com/doi/10.1002/bse.4154
dc.relation.isPartOfBusiness Strategy and the Environment
dc.rights(c) 2025 The Author/s
dc.rightsCC BY-NC 4.0
dc.rights.urihttps://creativecommons.org/licenses/by-nc/4.0/
dc.subjectCDP
dc.subjectclimate-related disclosures
dc.subjectsustainability reporting
dc.subjectTCFD-recommended disclosures
dc.titleReadiness for Mandatory Climate-Related Disclosures: A Tri-Jurisdictional Analysis of Governance Attributes in Australia, New Zealand and the United Kingdom
dc.typeJournal article
pubs.elements-id499754
pubs.organisational-groupOther
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