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
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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.