Understanding, mapping and reporting of climate-related risks among listed firms in Sweden

Summary, in English

We study the mapping and reporting of climate-related risks among firms listed on the NasdaqOMX stock exchange in Stockholm in four goods-producing industries. Our study contains two parts: (i) a study of the firms’ external communication through their annual reports, sustainability reports and webpages, and (ii) a follow-up survey of the top management team. The survey contains quantitative questions and free text answers, which provide additional insights into the mapping and risk-handling of climate-related risks among the firms. We find that firms are likely to engage in some form of mapping and reporting of climate-related risks, but there are variations among the firms. Furthermore, the management of climate-related risks appears to be a residual issue for most firms with little active engagement from the management team or board of directors.

• Author: Fredrik N G Andersson; Susanne Arvidsson
• Department/s: Department of Economics; Accounting and Corporate Finance
• Publishing year: 2023
• Language: English
• Pages: 945-958
• Publication/Series: Climate Policy
• Volume: 23
• Issue: 8
• Links: http://dx.doi.org/10.1080/14693062.2022.2116383
• Document type: Journal article
• Publisher: Taylor & Francis
• Topic: Business Administration; Economics
• Keywords: climate policy; climate risk management; non-financial reporting; TCFD; CSRD; EU Taxonomy; climate policy; climate change; climate-risk management; climate-related risks; non-financial reporting; M40; Q54; Q56; Q58
• Status: Published
• ISBN/ISSN/Other: ISSN: 1469-3062