Corporate Climate Reporting of European Banks: Are these institutions compliant with climate issues?
Research output: Journal contributions › Journal articles › Research › peer-review
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.
Original language | English |
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Journal | Business Strategy and the Environment |
Volume | 32 |
Issue number | 6 |
Pages (from-to) | 2817-2834 |
Number of pages | 18 |
ISSN | 0964-4733 |
DOIs | |
Publication status | Published - 09.2023 |
Bibliographical note
Funding Information:
Open Access funding enabled and organized by Projekt DEAL.
Publisher Copyright:
© 2022 The Authors. Business Strategy and The Environment published by ERP Environment and John Wiley & Sons Ltd.
- Management studies - Climate change, climate report, climate-related risk, environmental policy, risk management, sustainability reporting
- Sustainability sciences, Management & Economics