The COVID-19 pandemic: opportunity or challenge for climate change risk disclosure?

Walid Ben-Amar, Breeda Comyns and Isabelle Martinez

Accounting, Auditing & Accountability Journal, 2022, vol. 36, issue 2, 649-676

Abstract: Purpose - The purpose of this paper is to reflect on how climate change risk reporting might evolve in various world regions in the post COVID-19 pandemic era. Design/methodology/approach - Using a multiple-case study approach and adopting an institutional theory lens, we assess whether the pandemic is likely to strengthen or weaken institutional pressures for climate change risk disclosures and predict how climate-related risk reporting will evolve post-pandemic. Findings - The authors find that climate change risk reporting is likely to evolve differently according to geographical location. The authors predict that disclosure levels will increase in regions with ambitious climate policy and where economic stimulus packages support sustainable economic recovery. Where there has been a weakening of environmental commitments and economic stimulus packages support resource intensive business, climate change risk reporting will stagnate or even decline. The authors discuss the scenarios for climate change risk reporting expected to play out in different parts of the world. Originality/value - The authors contribute to the nascent literature on climate change risk disclosure and identify future directions in the wake of the COVID-19 pandemic.

Keywords: COVID-19; Climate change risks; Institutional theory; Institutional change; Sustainability reporting; Task force for climate-related financial disclosures (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:aaajpp:aaaj-08-2020-4805

DOI: 10.1108/AAAJ-08-2020-4805

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