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The Determinants of TCFD Reporting: A Focus on the Italian Context

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  • Salvatore Principale

    (Dipartimento di Diritto ed Economia delle Attività Produttive, Università degli Studi di Roma “La Sapienza”, 00183 Rome, Italy)

  • Simone Pizzi

    (Dipartimento di Scienze dell’Economia, Università del Salento, 73100 Lecce, Italy)

Abstract

The recommendations of the Task Force on Climate Change Disclosure (TCFD) represent fundamental guidelines for managing climate-change-related risks. Indeed, the TCFD outlines good practices for integrated risk management as well as aims to protect investors and stakeholders through a more transparent and complete disclosure on the subject. However, the adoption of the recommendations was slow and differentiated between countries. The study aims to analyze the determinants that have influenced the voluntary choice of companies to adopt the TCFD recommendations. Using a logistic regression on a sample of Italian public interest entities, the results show that the size of the board, the integration of ESG risks, and the size of the company are variables that influenced the managers’ decision to adopt the guidelines.

Suggested Citation

  • Salvatore Principale & Simone Pizzi, 2023. "The Determinants of TCFD Reporting: A Focus on the Italian Context," Administrative Sciences, MDPI, vol. 13(2), pages 1-12, February.
    • Handle: RePEc:gam:jadmsc:v:13:y:2023:i:2:p:61-:d:1069365
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    References listed on IDEAS

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