Climate related disclosure: Issues and challenges in key sectors.

Abstract

This conceptual paper discusses the issues and challenges on climate-related disclosure for key sectors in Malaysia, including of energy, transportation, utilities, and plantation. As regulatory demands and stakeholder expectations intensify, the shift from voluntary to mandatory climate disclosures presents different issues and challenges for these sectors. This paper explores the mechanisms and strategies firms have employed historically, and currently in compliance to reporting requirements. The discussion is framed within stakeholder theory alongside legitimacy and institutional theories in bring out these motives of influence climate related disclosures. This paper highlights the importance of standardized reporting practices in embracing corporate transparency, innovation and sustainability leadership. This paper offers valuable insights for companies and policymakers seeking to improve long-term resilience in a world of growing climate related disclosure expectations.