Český finanční a účetní časopis 2022(2):69-87 | DOI: 10.18267/j.cfuc.578

Carbon reporting: evidence from the Czech financial sector

Ladislava Volková
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra manažerského účetnictví, Praha

This paper is a quantitative content analysis followed by qualitative analysis that aims to give evidence on carbon emissions disclosures of Czech banks and insurance companies in the period 2019–2021. It narrows literature review on Carbon accounting with focus on the Czech Republic. It further analyses carbon footprint reporting of the financial companies with focus on GHG emissions protocol and carbon financing. It tests hypothesis that large corporations and multinational firms have better ESG disclosure than small local Czech firms. It adds to the current knowledge how environmental reporting progressed in the past couple year. Additionally, it confirms previous findings that too many various standards for CO2 measurements are used and therefore, difficulty in comparability of reported data remains.

Keywords: ESG; nonfinancial reporting; CO2 footprint; Carbon Reporting; Climate risk disclosure.
JEL classification: G20, M48, Q52

Received: December 5, 2022; Revised: January 12, 2023; Accepted: January 19, 2023; Prepublished online: February 3, 2023; Published: February 4, 2023  Show citation

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Volková, L. (2022). Carbon reporting: evidence from the Czech financial sector. Czech Financial and Accounting Journal, 2022(2), 69-87. doi: 10.18267/j.cfuc.578
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