Shifting the focus of sustainability accounting from impacts to risks and dependencies:Researching the transformative potential of TCFD reporting

O'Dwyer, Brendan and Unerman, Jeffrey (2020) Shifting the focus of sustainability accounting from impacts to risks and dependencies:Researching the transformative potential of TCFD reporting. Accounting, Auditing and Accountability Journal. ISSN 0951-3574

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Abstract

Purpose: This paper problematizes TCFD (Task Force on Climate-related Financial Disclosures) reporting in a way that demonstrates areas where academic research can contribute towards realising the transformative potential of this unique form of sustainability accounting in its early stages of development. Design/methodology/approach: The paper proposes a number of research agendas for impactful interdisciplinary research into new forms of corporate reporting of sustainability risks, opportunities and dependencies. Findings: There are several major challenges that both reporting corporations and investors need to address in realising the potential of TCFD-style risks, opportunities and dependencies reporting. Key among these is developing new practices of climate-related scenario analysis and reporting. Practical implications: There is potential for many different academic research studies to provide solid evidence in helping improve the practical impact of TCFD-style sustainability reporting. These impacts may assist in moving corporate policies and actions towards zero carbon. Originality/value: This is the first agenda-setting paper that addresses the need for, and opportunities of, academic research into TCFD reporting and its potential to transform corporate accounting and reporting of sustainability.

Item Type:
Journal Article
Journal or Publication Title:
Accounting, Auditing and Accountability Journal
Additional Information:
This article is (c) Emerald Group Publishing and permission has been granted for this version to appear here. Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Group Publishing Limited.
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
143842
Deposited By:
Deposited On:
06 May 2020 10:45
Refereed?:
Yes
Published?:
Published
Last Modified:
11 Jul 2020 08:48