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The role of accounting in supporting adaptation to climate change

Author

Listed:
  • Martina K. Linnenluecke
  • Jacqueline Birt
  • Andrew Griffiths
  • Kathy Walsh

Abstract

type="main" xml:id="acfi12120-abs-0001"> The study is one of the first concerned with the topic of accounting and climate change adaptation. It proposes that the accounting role can support organisational climate change adaptation by performing the following functions: (i) a risk assessment function (assessing vulnerability and adaptive capacity), (ii) a valuation function (valuing adaptation costs and benefits) and (iii) a disclosure function (disclosure of risk associated with climate change impacts). This study synthesises and expands on existing research and practice in environmental accounting and sets the scene for future research and practice in the emerging area of accounting for climate risk.

Suggested Citation

  • Martina K. Linnenluecke & Jacqueline Birt & Andrew Griffiths & Kathy Walsh, 2015. "The role of accounting in supporting adaptation to climate change," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 55(3), pages 607-625, September.
    • Handle: RePEc:bla:acctfi:v:55:y:2015:i:3:p:607-625
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    File URL: http://hdl.handle.net/10.1111/acfi.2015.55.issue-3
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    Cited by:

    1. Huy Pham & Van Nguyen & Vikash Ramiah & Priyantha Mudalige & Imad Moosa, 2019. "The Effects of Environmental Regulation on the Singapore Stock Market," JRFM, MDPI, vol. 12(4), pages 1-19, November.
    2. Kerry A. Humphreys & Ken T. Trotman, 2022. "Judgment and decision making research on CSR reporting in the COVID‐19 pandemic environment," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 739-765, March.
    3. Sharofiddinov Husniddin & Moinul Islam & Koji Kotani, 2024. "Farm sizes and adaptation responses to climate change in agriculture: A reflection of Tajikistan’s farming culture and history," Working Papers SDES-2024-2, Kochi University of Technology, School of Economics and Management, revised May 2024.
    4. Carmela Gulluscio & Pina Puntillo & Valerio Luciani & Donald Huisingh, 2020. "Climate Change Accounting and Reporting: A Systematic Literature Review," Sustainability, MDPI, vol. 12(13), pages 1-31, July.
    5. Martina K. Linnenluecke & Jacqueline Birt & Xiaoyan Chen & Xin Ling & Tom Smith, 2017. "Accounting Research in Abacus, A&F, AAR, and AJM from 2008–2015: A Review and Research Agenda," Abacus, Accounting Foundation, University of Sydney, vol. 53(2), pages 159-179, June.
    6. Linnenluecke, Martina K. & Chen, Xiaoyan & Ling, Xin & Smith, Tom & Zhu, Yushu, 2016. "Emerging trends in Asia-Pacific finance research: A review of recent influential publications and a research agenda," Pacific-Basin Finance Journal, Elsevier, vol. 36(C), pages 66-76.
    7. Polmann, Nico, 2015. "Farmers in metropolitan areas: managers of natural capital," 147th Seminar, October 7-8, 2015, Sofia, Bulgaria 212253, European Association of Agricultural Economists.
    8. Tingey-Holyoak, Joanne & Cooper, Bethany & Crase, Lin & Pisaniello, John, 2024. "A framework for supporting climate-exposed asset decision-making in agriculture," Land Use Policy, Elsevier, vol. 137(C).
    9. Rong He & Le Luo & Abul Shamsuddin & Qingliang Tang, 2022. "Corporate carbon accounting: a literature review of carbon accounting research from the Kyoto Protocol to the Paris Agreement," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 261-298, March.
    10. Serhii Lehenchuk & Nataliya Vyhovska, 2024. "Accounting for Government Grants According to IAS 20: The Problems and Directions for Improvement," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 14-21, March.
    11. Josephine Bremer & Martina K. Linnenluecke, 2017. "Determinants of the perceived importance of organisational adaptation to climate change in the Australian energy industry," Australian Journal of Management, Australian School of Business, vol. 42(3), pages 502-521, August.
    12. Li, Panni & Lin, Zhongguo & Peng, Binbin & Du, Huibin, 2023. "Do CEOs’ social networks affect carbon emissions in China? The moderating role of CEO reputation," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 1122-1137.
    13. Antonis Skouloudis & Thomas Tsalis & Ioannis Nikolaou & Konstantinos Evangelinos & Walter Leal Filho, 2020. "Small & Medium-Sized Enterprises, Organizational Resilience Capacity and Flash Floods: Insights from a Literature Review," Sustainability, MDPI, vol. 12(18), pages 1-17, September.
    14. Kumarasiri, Jayanthi & Gunasekarage, Abeyratna, 2017. "Risk regulation, community pressure and the use of management accounting in managing climate change risk: Australian evidence," The British Accounting Review, Elsevier, vol. 49(1), pages 25-38.
    15. Irina Bogataya & Elena Evstafyeva & Denis Lavrov & Ekaterina Korsakova & Natalya Mukhanova & Svetlana Solyannikova, 2022. "Disclosure of Information in Risk Reporting in the Context of the Sustainable Development Concept," Sustainability, MDPI, vol. 14(4), pages 1-21, February.
    16. Halim Lee & Jaewon Son & Dayoon Joo & Jinhyeok Ha & Seongreal Yun & Chul-Hee Lim & Woo-Kyun Lee, 2020. "Sustainable Water Security Based on the SDG Framework: A Case Study of the 2019 Metro Manila Water Crisis," Sustainability, MDPI, vol. 12(17), pages 1-19, August.
    17. Xu, Weidong & Gao, Xin & Xu, Hao & Li, Donghui, 2022. "Does global climate risk encourage companies to take more risks?," Research in International Business and Finance, Elsevier, vol. 61(C).
    18. Linnenluecke, Martina K. & Chen, Xiaoyan & Ling, Xin & Smith, Tom & Zhu, Yushu, 2017. "Research in finance: A review of influential publications and a research agenda," Pacific-Basin Finance Journal, Elsevier, vol. 43(C), pages 188-199.
    19. Silvana Secinaro & Valerio Brescia & Davide Calandra & Buerhan Saiti, 2020. "Impact of climate change mitigation policies on corporate financial performance: Evidence‐based on European publicly listed firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2491-2501, November.
    20. Stewart Jones & Nurul Alam, 2019. "A machine learning analysis of citation impact among selected Pacific Basin journals," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(4), pages 2509-2552, December.
    21. Mohamed Gaber & Edward J. Lusk, 2018. "Adaptive Cost Accounting Control: Issues in Realizing Deming Synergy," International Business Research, Canadian Center of Science and Education, vol. 11(3), pages 76-87, March.
    22. Swenja Surminski, 2015. "Does it matter what you call it? Reflections on how companies voluntarily disclose their adaptation activities," GRI Working Papers 210, Grantham Research Institute on Climate Change and the Environment.

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