The Determinants of TCFD Reporting: A Focus on the Italian Context

Salvatore Principale and Simone Pizzi ()
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Salvatore Principale: Dipartimento di Diritto ed Economia delle Attività Produttive, Università degli Studi di Roma “La Sapienza”, 00183 Rome, Italy
Simone Pizzi: Dipartimento di Scienze dell’Economia, Università del Salento, 73100 Lecce, Italy

Administrative Sciences, 2023, vol. 13, issue 2, 1-12

Abstract: The recommendations of the Task Force on Climate Change Disclosure (TCFD) represent fundamental guidelines for managing climate-change-related risks. Indeed, the TCFD outlines good practices for integrated risk management as well as aims to protect investors and stakeholders through a more transparent and complete disclosure on the subject. However, the adoption of the recommendations was slow and differentiated between countries. The study aims to analyze the determinants that have influenced the voluntary choice of companies to adopt the TCFD recommendations. Using a logistic regression on a sample of Italian public interest entities, the results show that the size of the board, the integration of ESG risks, and the size of the company are variables that influenced the managers’ decision to adopt the guidelines.

Keywords: climate accounting; Task Force on Climate-related Financial Disclosures (TCFD); Directive 2014/95/EU; sustainability reporting (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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