GX & Decarbonization Research

Min Jiang, Yixin Sun, Chao Wang

This paper empirically examines whether climate risk disclosure promotes corporate green innovation, focusing on the role of internal resource reallocation. It elucidates the mechanism through which disclosure drives innovation via resource…

Hung C.C.

This study develops a hierarchical classification of TCFD risks tailored to Taiwan's electronics industry, offering a structured framework to optimize climate risk management practices. It categorizes physical and transition risks and provi…

Nur Syafiqah Hussin, Y. Yusri, Salehah Zafirah Zulkepli +1

This study conducts a bibliometric analysis of climate change reporting aligned with the TCFD framework. Findings show that key authors and institutions are from developed countries, with contributions from India and Malaysia. Keyword shift…

Brendan O'Dwyer

This paper analyzes how the TCFD constructs the framework for climate-related risk reporting and organizes dissonance in disclosure practices. It examines the formation process of international climate disclosure standards and reveals tensi…

Rupert Vermaas, A. Alhassan, Bomikazi Zeka

This qualitative study interviews report preparers in South Africa's financial services industry to explore drivers of climate-related financial disclosures. Thematic analysis identifies institutional investors, activist shareholders, the b…

Huiru Wei, Jie Zhang, Kuiran Yuan

This study examines the impact of climate risk disclosure (CRD) on firm economic and environmental performance using China's A-share listed firms. Constructing a firm-level CRD index under the AMC framework, the authors find that CRD signif…

Ivone, Iskandar Itan, Sheila Septiany +2

Analyzing 121 non-financial Indonesian firms from 2019-2023, this study examines the impact of family and political CEOs on climate change disclosure (measured via TCFD framework), with CEO age as a moderator. Results show that both family …

Stefan Simić

This study uses CDP data (2017–2022) to examine the adoption drivers of climate scenario analysis, with a focus on gender diversity at board, management, and employee levels. It further investigates the impact of scenario analysis on carbon…

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This paper empirically analyzes the factors driving firms' adoption of TCFD recommendations and the performance effects of such adoption, providing insights into the determinants and financial impacts of climate disclosure.

Gebhardt M.

This paper empirically examines how corporate governance affects climate-related disclosure, focusing on board composition and executive incentives as drivers of disclosure quality.

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This paper argues that mandatory corporate carbon disclosures are essential for the transition to a net zero economy. They provide the information policymakers and asset managers need to manage carbon transition risk, and potentially offer …

(著者不明)

This paper empirically analyzes why institutional investors request climate-related disclosures and whether these requests lead to actual reductions in corporate carbon emissions. It identifies conditions under which investor engagement dri…

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This paper analyzes the determinants of TCFD adoption and its impact on firm performance. It finds that firm characteristics and regulatory environments drive adoption, and adopters experience lower cost of capital and improved market valua…

Ms. Roopankshi Pareek, Dr. Nidhi Sharma

This study examines climate risk disclosure and GHG emissions of four major Indian banks from FY2022-2025, assessing alignment with TCFD and CDP. Findings reveal significant heterogeneity: HDFC and ICICI exhibit more comprehensive TCFD-alig…

Xhindole C.

This study compares TCFD reports from Italian and Spanish companies, analyzing differences and similarities in disclosure practices. It examines how national regulatory environments and policies influence TCFD compliance, offering insights …

Mudan Wang, Tong Zhu, An Zeng

Using panel data of Chinese listed high-carbon companies from 2006-2022, this study demonstrates that climate risk disclosure improves carbon performance. The mechanisms identified are promoting green technological innovation and easing fin…

Lee J.

This paper identifies key indicators for corporate climate-related disclosure and analyzes their effectiveness, providing practical insights to improve disclosure quality.

Changchun Tan, Lingyu Mo, Jun Li +1

Using textual analysis of Chinese listed firms' annual reports, this study finds that higher-quality climate risk disclosure significantly lowers corporate debt financing costs. The effect operates through reduced information asymmetry, wit…

Mert Demir, Terrence F. Martell, Lauren Snyder

This paper examines the relationship between TCFD alignment and firm valuations among S&P 500 companies. It finds that even partial alignment with TCFD recommendations is associated with higher market valuations.

Youtao Xiang, Junmei Gong

This empirical study examines how climate disclosure affects corporate bond credit spreads. It provides evidence that higher quality climate disclosure is associated with lower borrowing costs, indicating that investors price climate risk i…