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
![[thumbnail of AAAJ AAM of Shifting the focus of sustainability accounting from impacts to risks and dependencies]](https://eprints.lancs.ac.uk/style/images/fileicons/text.png)
AAAJ_AAM_of_Shifting_the_focus_of_sustainability_accounting_from_impacts_to_risks_and_dependencies.pdf - Accepted Version
Available under License Creative Commons Attribution-NonCommercial.
Download (2MB)
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 realizing 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 realizing 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.