Purpose – This paper aims to propose and apply a novel risk-based approach to explore whether socio-political theories explain the level of corporate environmental disclosures given inconclusive evidence on the relation between environmental disclosure and environmental performance....

Environmental protection and sustainable development is one of the widely discussed corporate issues in today’s world economy. However, the number of compulsory environmental disclosures laws is very limited. Therefore, companies choose to provide disclosures on environmental issues...

This paper presents evidence from a global survey of nearly 700 investors and companies on the materiality of climate risk for financial reporting. We argue that current disclosure regulation likely requires the disclosure of climate risk on the basis of materiality considerations based on three...