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Carbon reporting: evidence from the Czech financial sector
[Uhlíková stopa: Udržitelné výkaznictví českého finančního sektoru v ČR]

Author

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  • Ladislava Volková

Abstract

This paper is a quantitative content analysis followed by qualitative analysis that aims to give evidence on carbon emissions disclosures of Czech banks and insurance companies in the period 2019-2021. It narrows literature review on Carbon accounting with focus on the Czech Republic. It further analyses carbon footprint reporting of the financial companies with focus on GHG emissions protocol and carbon financing. It tests hypothesis that large corporations and multinational firms have better ESG disclosure than small local Czech firms. It adds to the current knowledge how environmental reporting progressed in the past couple year. Additionally, it confirms previous findings that too many various standards for CO2 measurements are used and therefore, difficulty in comparability of reported data remains.

Suggested Citation

  • Ladislava Volková, 2022. "Carbon reporting: evidence from the Czech financial sector [Uhlíková stopa: Udržitelné výkaznictví českého finančního sektoru v ČR]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2022(2), pages 69-87.
    • Handle: RePEc:prg:jnlcfu:v:2022:y:2022:i:2:id:578:p:69-87
    DOI: 10.18267/j.cfuc.578
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    References listed on IDEAS

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    1. Petr Petera & Jaroslav Wagner, 2015. "Global Reporting Initiative (GRI) and its Reflections in the Literature," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2015(2), pages 13-32.
    2. Ehlers, Torsten & Packer, Frank & de Greiff, Kathrin, 2022. "The pricing of carbon risk in syndicated loans: Which risks are priced and why?," Journal of Banking & Finance, Elsevier, vol. 136(C).
    3. Jasmine Elliott & Åsa Löfgren, 2022. "If money talks, what is the banking industry saying about climate change?," Climate Policy, Taylor & Francis Journals, vol. 22(6), pages 743-753, July.
    4. Régis Martineau & Jean-Philippe Lafontaine, 2019. "When carbon accounting systems make us forget nature: from commodification to reification," Sustainability Accounting, Management and Policy Journal, Emerald Group Publishing Limited, vol. 11(3), pages 487-504, June.
    5. Francisco Ascui & Heather Lovell, 2011. "As frames collide: making sense of carbon accounting," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 24(8), pages 978-999, October.
    6. Kenneth Gillingham & James H. Stock, 2018. "The Cost of Reducing Greenhouse Gas Emissions," Journal of Economic Perspectives, American Economic Association, vol. 32(4), pages 53-72, Fall.
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    More about this item

    Keywords

    ESG; nonfinancial reporting; CO2 footprint; Carbon Reporting; Climate risk disclosure; CSRD; SDG; uhlíková stopa; cíle udržitelného rozvoje;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects

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