GX & Decarbonization Research

S. G. Maji, Rituraj Boruah

This study examines the relationship between climate-related financial disclosure (CCFD) and firm performance (FP) in top-emitting countries (China, USA, India, Japan) using a sample of 200 firms from 2019-2023. Results show CCFD positively…

Min Jiang, Yixin Sun, Chao Wang

This paper empirically examines whether climate risk disclosure promotes corporate green innovation, focusing on the role of internal resource reallocation. It elucidates the mechanism through which disclosure drives innovation via resource…

Nur Syafiqah Hussin, Y. Yusri, Salehah Zafirah Zulkepli +1

This study conducts a bibliometric analysis of climate change reporting aligned with the TCFD framework. Findings show that key authors and institutions are from developed countries, with contributions from India and Malaysia. Keyword shift…

Brendan O'Dwyer

This paper analyzes how the TCFD constructs the framework for climate-related risk reporting and organizes dissonance in disclosure practices. It examines the formation process of international climate disclosure standards and reveals tensi…

Huiru Wei, Jie Zhang, Kuiran Yuan

This study examines the impact of climate risk disclosure (CRD) on firm economic and environmental performance using China's A-share listed firms. Constructing a firm-level CRD index under the AMC framework, the authors find that CRD signif…

Stefan Simić

This study uses CDP data (2017–2022) to examine the adoption drivers of climate scenario analysis, with a focus on gender diversity at board, management, and employee levels. It further investigates the impact of scenario analysis on carbon…

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This paper argues that mandatory corporate carbon disclosures are essential for the transition to a net zero economy. They provide the information policymakers and asset managers need to manage carbon transition risk, and potentially offer …

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This paper empirically analyzes why institutional investors request climate-related disclosures and whether these requests lead to actual reductions in corporate carbon emissions. It identifies conditions under which investor engagement dri…

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This paper analyzes the determinants of TCFD adoption and its impact on firm performance. It finds that firm characteristics and regulatory environments drive adoption, and adopters experience lower cost of capital and improved market valua…

Mert Demir, Terrence F. Martell, Lauren Snyder

This paper examines the relationship between TCFD alignment and firm valuations among S&P 500 companies. It finds that even partial alignment with TCFD recommendations is associated with higher market valuations.

Youtao Xiang, Junmei Gong

This empirical study examines how climate disclosure affects corporate bond credit spreads. It provides evidence that higher quality climate disclosure is associated with lower borrowing costs, indicating that investors price climate risk i…

Liu X.

This paper examines how the integration of TCFD and TNFD frameworks can revolutionize corporate sustainable risk management, offering insights into the synergies between climate and nature-related disclosures.

Sebastian Rhein, Laura Engel, T. Dreier +1

This study investigates how corporations operationalize climate-related risk and opportunity disclosure through eight semi-structured interviews with sustainability professionals. Findings show that while TCFD serves as the primary framewor…

Mona Mashhadi Rajabi, Yun Shen, Martina Linnenluecke +3

This study systematically reviews 108 academic articles on climate-related financial risk disclosures post-TCFD, identifying five research domains under evolving regulatory frameworks including IFRS S2 and ESRS. It finds that despite rapid …

C. Boța-Avram, Adriana Tiron Tudor, Liana Stanca

This study examines governance drivers of climate change disclosure in the European utilities sector using a TCFD-aligned score built via machine learning. Findings show board characteristics (gender diversity, size), CEO duality, and exter…

Peter Okoye, Fadzlina Mohd Fahmi, Mazurina Mohd Ali

This study conceptually synthesizes how IFRS S1/S2 can enhance ESG disclosure quality and investor confidence. A systematic review of 44 peer-reviewed articles (2021–2025) identifies comparability, readability, and assurance as key mechanis…