Climate Change Disclosures in the Annual Reports: A Study of Selected Bangladeshi Listed Companies

International Journal of Economics and Management Studies

© 2024 by SSRG - IJEMS Journal

Volume 11 Issue 1

Year of Publication : 2024

Authors : Faria Akter

10.14445/23939125/IJEMS-V11I1P101

How to Cite?

Faria Akter, "Climate Change Disclosures in the Annual Reports: A Study of Selected Bangladeshi Listed Companies," SSRG International Journal of Economics and Management Studies, vol. 11,  no. 1, pp. 1-8, 2024. Crossref, https://doi.org/10.14445/23939125/IJEMS-V11I1P101

Abstract:

This study investigates the extent of climate change-related disclosures by listed companies in Bangladesh. For this purpose, annual reports of 72 companies listed with the Dhaka Stock Exchange were surveyed based on a disclosure list of 13 items related to climate change. The study found that 58% of the sample companies have made at least one climate change disclosure in their annual reports. It was also found that 58% of companies have disclosed, on average, 27.55% of issues from the disclosure list. Moreover, 42% of the sample companies have not disclosed anything regarding climate change. The highest reporting industry was found to be the Travel and Leisure industry, which has disclosed 91.67% climate change information in its annual reports. The Jute industry was found to be the lowest reporting industry, making zero percentage disclosure. This study found that the three most addressed issues by the sample companies are energy savings and efficiency, waste management, effluents management recycling, and renewable energy. The study observed that the least addressed issue is air pollution. It has been observed throughout the study that, except for a few companies most of the companies did not include enough details supporting their actions regarding climate change. The study made an overall conclusion that the climate change reporting in the annual report is still not very popular among Bangladeshi companies and still has ample scope for improvement.

Keywords:

Climate change, Dhaka Stock Exchange, Disclosure, Annual report, listed.

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