Climate Reporting as Instrument for CO2 Reduction (CRed)

Duration: October 2018 – September 2021

Project Leader: Prof. Dr. Rüdiger Hahn – Chair of Sustainability Management at the University of Düsseldorf

Project Partners: Prof. Dr. Christian Klein - Chair of Corporate Finance at the University of Kassel; Prof. Dr. Frank Schiemann – Professor of Corporate Accounting at the Business Department at the University of Hamburg; Prof. Dr. Daniel Reimsbach - Department of Economics and Business Economics at the Radboud University; Claudia Tober – FNG e.V.; Matthias Kopp – WWF Germany

Funding: The Federal Ministry of Education and Research (BMBF)

Summary: The project will analyse the contribution and respective mechanisms of climate change reporting in reducing CO2 emissions through a mixed-methods approach. First, whether and how mandatory and voluntary climate change reporting is associated with changes in corporate CO2 emissions and with changes in investor reactions to disclosed climate data will be analysed. Building upon this analysis, the project investigates climate change reporting from the investor’s perspective. Subsequently, the project examines climate change reporting from the corporate point of view and analyzes the influence of different types of climate change reporting (e.g., mandatory versus voluntary reporting; reporting format; stand-alone reports versus integrated reports versus third-party reports; third party validation of climate change disclosure by auditors) on managerial decision-making. Results of all three working packages will be summarized in “policy briefs” providing recommendations for decision makers both in politics and society at large. The work of the Task Force on Climate-related Financial Disclosures (TCFD) and experiences in other countries will also be incorporated in the summary. Thus, the project will stimulate further developments in climate change reporting.