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Erschienen in:
2008 | OriginalPaper | Buchkapitel
The Need for Standardised Disclosure on Climate-Risk in Financial Reports: Implications of the JICPA Reports
verfasst von : Takeshi Mizuguchi
Erschienen in: Environmental Management Accounting for Cleaner Production
Verlag: Springer Netherlands
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Climate-change poses various risks to the sustainability of society and has a substantial impact on corporate value in the form of regulation and reputation risks, etc. Correspondingly, many investors are beginning to show an interest in information from companies regarding greenhouse gas (GHG) emissions. However, disclosures concerning climate-risk in both environmental and financial reports are not really adequate for investment decision-making. Although many companies are disclosing GHG emission data in their environmental reports the scope of the emissions covered varies from company to company which makes the information less useful. In relation to this issue the
Japanese Institute of Certified Public Accountants
(JICPA) published two research reports which examined disclosure practices concerning information on climate-risk in the environmental and financial reports of 26 companies. This study reviews these JICPA reports and discusses a possible direction for climate-risk disclosure.