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Standardized reporting of climate change information in Australia

Standardized reporting of climate change information in Australia Purpose – This paper seeks to explore the gaps between regulatory requirements and authoritative guidance regarding climate disclosure in Australia; reporting practices; and the demands for increased disclosure and standardization of that disclosure. Design/methodology/approach – The Draft Reporting Framework of the Climate Disclosure Standards Board (CDSB) is used to develop a scoring system against which the climate disclosures of one large Australian company that has received awards for its disclosure record are assessed. Relevant theories of voluntary disclosure are used to explain the findings. Findings – The results of this analysis indicate an inadequate amount of disclosure in this company's reports about some aspects of climate change impacts and their management. Further, the disclosures that are made tend to lack technical detail and are somewhat skewed towards the more positive aspects of climate change impacts and management. Research limitations/implications – These findings are based on just one large Australian company that has received commendations for its climate disclosure record, and may therefore not reflect the climate disclosure practices of other Australian companies. Practical implications – The results of this case study appear to support calls for increased guidelines for the disclosure of climate change related information and greater standardization of reporting. Several potential policy options for doing this are assessed. Originality/value – The paper uses an objective measure to assess climate change disclosures which was developed for this research. The results are expected to be useful for informing the continuing debate around the regulation of and/or provision of guidance to Australian companies about the disclosure of climate change related information. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Sustainability Accounting, Management and Policy Journal Emerald Publishing

Standardized reporting of climate change information in Australia

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Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
2040-8021
DOI
10.1108/20408021111185420
Publisher site
See Article on Publisher Site

Abstract

Purpose – This paper seeks to explore the gaps between regulatory requirements and authoritative guidance regarding climate disclosure in Australia; reporting practices; and the demands for increased disclosure and standardization of that disclosure. Design/methodology/approach – The Draft Reporting Framework of the Climate Disclosure Standards Board (CDSB) is used to develop a scoring system against which the climate disclosures of one large Australian company that has received awards for its disclosure record are assessed. Relevant theories of voluntary disclosure are used to explain the findings. Findings – The results of this analysis indicate an inadequate amount of disclosure in this company's reports about some aspects of climate change impacts and their management. Further, the disclosures that are made tend to lack technical detail and are somewhat skewed towards the more positive aspects of climate change impacts and management. Research limitations/implications – These findings are based on just one large Australian company that has received commendations for its climate disclosure record, and may therefore not reflect the climate disclosure practices of other Australian companies. Practical implications – The results of this case study appear to support calls for increased guidelines for the disclosure of climate change related information and greater standardization of reporting. Several potential policy options for doing this are assessed. Originality/value – The paper uses an objective measure to assess climate change disclosures which was developed for this research. The results are expected to be useful for informing the continuing debate around the regulation of and/or provision of guidance to Australian companies about the disclosure of climate change related information.

Journal

Sustainability Accounting, Management and Policy JournalEmerald Publishing

Published: Nov 8, 2011

Keywords: Climate; Disclosure; Reporting framework; Standardization; Australia; Climate change; Social responsibility

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