Corporate climate change-related auditing and disclosure practices: are companies doing enough?

TY - CHAP

T1 - Corporate climate change-related auditing and disclosure practices

T2 - are companies doing enough?

AU - Haque, Shamima

N1 - Publisher Copyright: © 2015, Springer International Publishing Switzerland.

PY - 2015

Y1 - 2015

N2 - This chapter explores whether the climate change-related audit and disclosure practices of corporations reflect real change in their corporate accountability practices for climate change. The growing need to deal with the threat of climate change raises a range of financial reporting and audit implications for corporations worldwide. There is evidence of companies undertaking social and environmental audit practice and disclosing information in relation to their climate change-related performance in response to the initiatives and guidelines provided by international government bodies, non-governmental organisations (NGOs) and research organisations. However, based on a review of media reports, archival documents and a case study, this chapter argues that there is limited real change in corporate action if there is no government regulation. A radical (reform based) approach, such as mandatory monitoring (compliance audit) and disclosure requirements, are necessary to ensure corporate accountability in relation to climate change.

AB - This chapter explores whether the climate change-related audit and disclosure practices of corporations reflect real change in their corporate accountability practices for climate change. The growing need to deal with the threat of climate change raises a range of financial reporting and audit implications for corporations worldwide. There is evidence of companies undertaking social and environmental audit practice and disclosing information in relation to their climate change-related performance in response to the initiatives and guidelines provided by international government bodies, non-governmental organisations (NGOs) and research organisations. However, based on a review of media reports, archival documents and a case study, this chapter argues that there is limited real change in corporate action if there is no government regulation. A radical (reform based) approach, such as mandatory monitoring (compliance audit) and disclosure requirements, are necessary to ensure corporate accountability in relation to climate change.

KW - Emission Trading Scheme

KW - Equator Principle

KW - Global Reporting Initiative

KW - Mitigate Climate Change

KW - United Nations Global Compact

UR - https://www.scopus.com/pages/publications/85090934527

U2 - 10.1007/978-3-319-15838-9_9

DO - 10.1007/978-3-319-15838-9_9

M3 - Chapter

AN - SCOPUS:85090934527

SN - 978-3-319-15837-2

T3 - CSR, Sustainability, Ethics and Governance

SP - 169

EP - 185

BT - CSR, Sustainability, Ethics and Governance

PB - Springer International Publishing

CY - Cham

ER -