GX & Decarbonization Research

Elçin DALKILIÇ, Murat Kesebir

This study compares Turkey's Sustainability Reporting Standards (TSRS) with the EU's CSRD/ESRS in the banking sector, analyzing 2024 sustainability reports of BBVA and ING's Turkish subsidiaries and European parents. It finds a structural d…

Diheng Xu

This article assesses how tax transparency can be incorporated into China’s sustainability reporting framework. It finds that while China’s 2024 Sustainability Report Guidelines adopt double materiality, tax is not a stand-alone topic. Draw…

Giuseppe Nicolò, Joanna Krasodomska, JA Andrades +1

This guest editorial comprehensively discusses the challenges and opportunities from the transition from the Non-Financial Reporting Directive (NFRD) to the Corporate Sustainability Reporting Directive (CSRD) and the introduction of the Eur…

Abrar Hussain

This thesis empirically examines how ESG disclosure credibility affects market risk, stakeholder relations, and debt structure. Using US and China data, it finds that ESG decoupling (gap between disclosure and performance) increases stock p…

Dhar S.

This study examines whether mandatory sustainability reporting in India, the EU, and the USA leads to actual corporate environmental improvements. It finds a persistent disclosure-performance gap: increased transparency does not automatical…

Fawwaz Alrwabdah, Awatif Hodaed Alsheikh

This study estimates the causal effect of mandatory climate disclosure on corporate climate governance quality using staggered adoption in the UK and France with US and Australia as controls. Using difference-in-differences methods, it find…

John W. Laub, Marcel Steller

This paper examines how auditors navigate double materiality under the EU's CSRD, based on 17 interviews in Germany and Austria. It introduces the Sustainability Expectation Gap (SEGAP) to explain legitimacy tensions, finding that regulator…

Zelalem Abay

This study examines market reactions to the EU's mandatory ESG assurance requirement under CSRD using event study. Results show negative market reaction, especially for firms that previously adopted voluntary assurance, losing on average €4…

Oskarsdottir H.

This paper analyzes the impact of the EU's Corporate Sustainability Reporting Directive (CSRD) on corporate boards. CSRD expands sustainability disclosure requirements and strengthens board oversight responsibilities. It is relevant for Jap…

da Silva P.P.

This paper examines how non-financial disclosure affects stock price informativeness, focusing on country-level institutional factors such as legal systems and regulatory quality. Using cross-country analysis, it finds that higher disclosur…

Lin Oktris, Afzal Izzaz Zahari, Suharmadi +1

This systematic literature review synthesizes 44 studies to explain how carbon disclosure influences investor decisions. It identifies four simultaneous mechanisms: information asymmetry reduction, signaling, risk communication, and legitim…

Pieter de Jong, Inga Timmerman, Alona Bilokha

This paper introduces the ESG communication gap: a within-firm measure of divergence in ESG risk disclosure between mandatory (10-K) and voluntary (earnings calls) venues. Analyzing 1,396 U.S. firms from 2006-2024, it finds the gap is perva…

Chris J. Ford, Katy Mason

This paper discusses the importance of platform-based accounting infrastructure for scaling net zero transitions. It focuses on how such infrastructure can streamline the collection, verification, and disclosure of corporate emissions data,…

Zhang T.

This paper explores mechanisms for data sharing and information disclosure to support green finance in the power sector, analyzing challenges and proposing frameworks to enhance transparency and investment in low-carbon energy.

Raimo N.

This paper analyzes the relationship between the Integrated Reporting framework and the EU's Corporate Sustainability Reporting Directive (CSRD). It explores similarities and differences, examining potential harmonization in sustainability …

Braun T.

This paper examines how small and medium-sized enterprises (SMEs) are engaged in the enforcement system under the EU's Corporate Sustainability Reporting Directive (CSRD). It likely discusses the indirect impacts on SMEs and voluntary engag…

Carmo C.

This paper analyzes the preparedness of 'first wave' companies for the EU's Corporate Sustainability Reporting Directive (CSRD). It examines corporate disclosure readiness, challenges, and implications for regulatory compliance.

Thomas Hale, Emma Lecavalier, Claas Mertens +2

This paper analyzes how international standards influence domestic policies, focusing on climate-related disclosure and carbon credit rules across five major economies: Brazil, China, the EU, the UK, and the US. It identifies four mechanism…

Amin Lotfy

This study develops an integrated ethical and assured accounting framework to enhance green economy outcomes and emission reduction. Using cross-country comparative evidence from Egypt and advanced economies, it finds that combining ethical…

Nawazish Mirza, D. Jamali, Monica Violeta Achim +2

This study develops a composite biodiversity disclosure score for EU firms and finds a positive association with firm valuation (Tobin's Q and EV/EBITDA), especially in biodiversity-intensive industries and high-ESG firms. The results sugge…