Corporate Disclosure of Climate Change Risk – A Pilot Study
The paper discusses the proposed #climatechange #disclosure rules by the #sec, which would mandate companies to provide detailed disclosures on the impact of climate change on their financial performance and policies. The authors conducted a study using hand‑collected data from 99 annual reports of 34 S&P 500 companies from 2019 to 2021, finding that 91% of the #annualreports included some disclosures on climate‑related risks. The study found a positive relationship between climate‑related disclosures and firms’ financial performance.