Climate Change Disclosures are Getting Hotter

Research output: Contribution to journalArticlepeer-review

Abstract

Since the publication of climate change disclosure guidance by the SEC in 2010, the number of 10-K disclosures has seen more than a two-fold increase. Climate change disclosures are disclosures of risk from severe weather events and pollution, although a company may also report opportunities arising from climate change. In general, companies reporting weather risks disclose the potential for property damage and/or temporary loss of business. Companies with significant green-house gas and other nuisance emissions disclose risks due to litigation and the cost of compliance with regulations imposed by governmental bodies. A few companies have disclosed opportunities arising from climate change including initiatives to develop plant-based plastics and renewable energy sources. The article provides a portrait of compliance with an emerging area of corporate risk disclosure.
Original languageEnglish
Pages (from-to)21-28
JournalThe Journal of Corporate Accounting & Finance
Volume27
Issue number5
StatePublished - Aug 2016

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