Corporate Climate Reporting of European Banks: Are these institutions compliant with climate issues?

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

This article focuses on climate disclosures from STOXX Europe 600 banks during the 2017– 2020 period, comprising 152 company years. Specifically, we analyze compliance based on general and bank-specific recommendations of the Task Force on Climate-related Financial Disclosures. Although our results indicate an overall increase in climate reporting quality over time, we identify major reporting gaps, such as consideration of forward-looking information (particularly related to scenario analyses). We also stress that the bank-specific recommendations are taken into account rather insufficiently. This study stands to benefit mostly researchers, business practices, and regulatory bodies owing to the future standardization of European and global sustainability reporting frameworks.
OriginalspracheEnglisch
ZeitschriftBusiness Strategy and the Environment
Anzahl der Seiten18
ISSN0964-4733
DOIs
PublikationsstatusElektronische Veröffentlichung vor Drucklegung - 07.10.2022

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Publisher Copyright:
© 2022 The Authors. Business Strategy and The Environment published by ERP Environment and John Wiley & Sons Ltd.

DOI