In the process of responding to climate change, more and more governments have realised that comparable and high-quality climate-related information plays a vital role in corporate carbon emission reduction and achieving national net-zero targets.
It is important to understand the current disclosure practices of the main climate-related metrics of key industries related to climate change in different jurisdictions and to propose corresponding suggestions. This study focuses on disclosure of GHG emission metrics, the core concern of climate change and the most objective climate-related information, in thermal power generation industries.
By investigating the reporting practices of emission metrics of some thermal power generation companies listed in the UK and mainland China, this study seeks to analyse the existing problems and provide further policy suggestions.
Through the sample selection process and in order to keep the numbers of thermal power generation companies listed in China and listed in the UK matched with each other, this study only chooses the top five companies with the largest thermal power generation installed capacities from the London Stock Exchange and Shanghai Stock Exchange respectively.
Since this study does not cover all the thermal power generation companies, the conclusions drawn from the findings of this study have certain limitations and cannot represent all the thermal power generation companies of the two markets.
We believe this report offers valuable insights into climate-related disclosure practices and will enrich the ongoing discourse on corporate transparency and sustainability.
Disclaimer
It is imperative to note that the views expressed herein do not necessarily reflect the official stance of ICAEW.
