Climate reporting quality following the recommendations of the task force on climate-related financial disclosures: A Focus on the German capital market: A Focus on the German Capital Market
Research output: Journal contributions › Journal articles › Research › peer-review
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In: Sustainable Development, Vol. 31, No. 2, 04.2023, p. 926-940.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - Climate reporting quality following the recommendations of the task force on climate-related financial disclosures: A Focus on the German capital market
T2 - A Focus on the German Capital Market
AU - Braasch, Annabelle
AU - Velte, Patrick
N1 - Publisher Copyright: © 2022 The Authors. Sustainable Development published by ERP Environment and John Wiley & Sons Ltd.
PY - 2023/4
Y1 - 2023/4
N2 - This paper investigates the quality of climate reporting by German DAX30 companiesbased on legitimacy theory. The study refers to a content analysis of climate-related corporate disclosures from 2018 to 2020, related to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The results show that there is still considerable room for improvement among carbon-sensitive as well as less carbon-sensitive firms. In particular, the companies showed poor reporting rates in the corporate governance domain, indicating that they use climate reporting symbolically to present themselves in a favorable light and to gain legitimacy in society. Moreover, carbon-sensitive companies were more likely to report strategically relevant information on climate issues. The results are most relevant for researchers, business practice and regulatory bodies.
AB - This paper investigates the quality of climate reporting by German DAX30 companiesbased on legitimacy theory. The study refers to a content analysis of climate-related corporate disclosures from 2018 to 2020, related to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The results show that there is still considerable room for improvement among carbon-sensitive as well as less carbon-sensitive firms. In particular, the companies showed poor reporting rates in the corporate governance domain, indicating that they use climate reporting symbolically to present themselves in a favorable light and to gain legitimacy in society. Moreover, carbon-sensitive companies were more likely to report strategically relevant information on climate issues. The results are most relevant for researchers, business practice and regulatory bodies.
KW - Management studies
KW - Sustainability Science
UR - https://www.mendeley.com/catalogue/318546bd-f152-3878-a9eb-fbd8feb6befd/
UR - http://www.scopus.com/inward/record.url?scp=85145738543&partnerID=8YFLogxK
U2 - 10.1002/sd.2430
DO - 10.1002/sd.2430
M3 - Journal articles
VL - 31
SP - 926
EP - 940
JO - Sustainable Development
JF - Sustainable Development
SN - 0968-0802
IS - 2
ER -