The Spark of Sustainability: Analyzing the Energy Market's Response to Climate Disclosure Frameworks
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Date
2023-06
Authors
Yoo, Michael
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon
Abstract
This study investigates current climate disclosure practices within the U.S. oil and gas (O&G) industry by analyzing the annual sustainability reports published by nine publicly listed companies in the industry. By centering on the four thematic areas of environmental, social, and corporate governance (ESG) performance outlined by a leading climate disclosure framework, the Task Force on Climate-related Financial Disclosures, this research will evaluate the O&G industry’s exposure to ESG-related risks and opportunities. By analyzing existing global climate disclosure frameworks, and contextualizing it with the disclosure proposals posed by the United States Securities Exchange Commission, this study highlights the urgent need for standardization in ESG reporting within the industry and points to future research opportunities in analyzing regulatory changes in climate disclosure.
Description
33 pages
Keywords
Sustainability, ESG, Policy, Business, Oil and Gas Indsutry, Climate Disclosure Regulations