Why Is the Australian Health Sector So Far behind in Practising Climate-Related Disclosures?

Tom Deweerdt ()
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Tom Deweerdt: School of Earth and Environmental Sciences, University of Queensland, Brisbane 4067, Australia

IJERPH, 2022, vol. 19, issue 19, 1-11

Abstract: The health sector in Australia and the ASX100 is lagging far behind in the implementation of carbon management and climate risk analysis. This case study highlights the low quantity and quality of the sector compared to its market weight. The analysis of CDP disclosures for Australian healthcare companies shows this delay and a general lack of interest in the Task Force on Climate-Related Financial Disclosures’ (TCFD) recommendations. Yet, the physical and transitory risks for these companies do exist. The reasons for this inaction represent a knowledge gap in the literature, but several hypotheses are formulated, such as the lack of pressure from public authorities. At the level of the ten largest healthcare companies in the world, this failure to act is not systemic, so the scope of analysis must be broadened to see a pattern emerging.

Keywords: disclosures; health sector; Australia; CDP; TCFD; ASX100 (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
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