Enhancement and Standardization of Climate-Related Disclosures for Investors

Location

Room 232, Schewel Hall

Access Type

Open Access

Entry Number

127

Start Date

4-5-2023 1:45 PM

End Date

4-5-2023 2:00 PM

College

College of Business

Department

Accountancy

Abstract

As consumers have become more concerned with ESG requirements and government intervention has increased with environmental impacts, companies have made the voluntary move to release these reports. Many large corporations, such as Apple, Nike, and Ford, voluntarily produce climate-related disclosures with detailed breakdowns of their environmental impact from corporate activities. In March 2022, the SEC proposed regulations to mandate and standardize climate-related disclosures, which raises concerns about the specifics of the implementation of the new proposed regulations. The aim of the proposed regulations is to help investors understand companies’ potential risks related to the companies’ environmental activities and impact. In light of these concerns, this presentation will contain a brief overview of the differences between a sample of current voluntary corporate disclosures, explore the SEC's proposed regulations, concerns about scope 3 emissions, and the impact on accounting practices from the proposed regulations. The presentation will support the reporting of scope 3 emissions and propose the standardization of emissions factors to solve the current issues of scope 3 emissions estimates.

Faculty Mentor(s)

Prof. Kevin Arrington
Dr. David Murphy
Dr. Edward DeClair

Rights Statement

The right to download or print any portion of this material is granted by the copyright owner only for personal or educational use. The author/creator retains all proprietary rights, including copyright ownership. Any editing, other reproduction or other use of this material by any means requires the express written permission of the copyright owner. Except as provided above, or for any other use that is allowed by fair use (Title 17, §107 U.S.C.), you may not reproduce, republish, post, transmit or distribute any material from this web site in any physical or digital form without the permission of the copyright owner of the material.

This document is currently not available here.

Share

Import Event to Google Calendar

COinS
 
Apr 5th, 1:45 PM Apr 5th, 2:00 PM

Enhancement and Standardization of Climate-Related Disclosures for Investors

Room 232, Schewel Hall

As consumers have become more concerned with ESG requirements and government intervention has increased with environmental impacts, companies have made the voluntary move to release these reports. Many large corporations, such as Apple, Nike, and Ford, voluntarily produce climate-related disclosures with detailed breakdowns of their environmental impact from corporate activities. In March 2022, the SEC proposed regulations to mandate and standardize climate-related disclosures, which raises concerns about the specifics of the implementation of the new proposed regulations. The aim of the proposed regulations is to help investors understand companies’ potential risks related to the companies’ environmental activities and impact. In light of these concerns, this presentation will contain a brief overview of the differences between a sample of current voluntary corporate disclosures, explore the SEC's proposed regulations, concerns about scope 3 emissions, and the impact on accounting practices from the proposed regulations. The presentation will support the reporting of scope 3 emissions and propose the standardization of emissions factors to solve the current issues of scope 3 emissions estimates.