Abstract

Headlines about disclosures of environmental, social, or governance (ESG) issues in corporate financial reporting create a false dichotomy between comprehensive, obligatory disclosure of information related to all topics that conceivably fit under the ESG umbrella and relegating all such topics to entirely voluntary reporting outside the scope of financial disclosure requirements. Climate change impacts are increasingly apparent in our communities and acknowledged by the public, private sector, and governments. Shifting investor expectations for corporate disclosures of climate change ...