Disclosure of Environmental Social and Governance (ESG) Risks: Risk of ‘If not why not’ for Australian Companies (original) (raw)

2017

Abstract

Managing and reporting of Environmental Social and Governance (ESG) risk is of a rising importance specifically with new Australian Securities exchange (ASX) regulations. Under ASX listing rules companies listed in the ASX are expected to comply with new Environmental Social and Governance (ESG) risk discloser requirements from the year 2015 and if they do not comply ‘ if not why not’ rule applies. This study seeks to provide insight into the current ESG risk disclosure practices in the Australian context giving special reference to the extractive sector companies. It is expected that managing of ESG risk would positively contribute to the overall financial performance, stakeholder value and corporate sustainability of those firms while the disclosure of the risk informs about the future profitability and sustainability of the company to its stakeholders including investors. . Key terms: environment, ESG risk disclosure, ‘if not why not’, sustainability, investors, stakeholders, Disclosure of Environmental Social and Governance (ESG) Risks: Risk of ‘If not why not’ for Australian Companies

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