Climate change is a phenomenon that would raise the number and magnitude of hydrological extremes namely floods and droughts. In this unexpected phenomenon of environment, the government focuses on both; the resilience of businesses and the sustainable of economy. Currently, the practice of Malaysian companies shows limited focus on climate risk reporting and the report is surface. These climate-related disclosures is vital because it provide a decision-useful that enable users to understand the impact of climate-related risks and opportunities. Thus, this study is designed with objectives; (1) to examine the current practice on sustainability reports among Malaysian companies on climate change matters, (2) to propose an indicator on sustainability-resilience of climate change in the sustainability report for Malaysian companies. This study applies quantitative method whereby a content analysis of 1470 companies listed at the main market of Bursa Malaysia across sectors has been examined. The findings of this study proposed a frame of 36 items on the disclosure of climate change that comprise five pillars. The less reporting is on financial resilience as it is the most difficult part to measure that involves on impact either losses or revenue that possibly resulted from this climate related matters. In conclusion, Malaysian companies are beginning to address climate-related risks in their sustainability reports, disclosures remain superficial, particularly in terms of financial resilience. The framing of 36 disclosure items across five pillars offers a transformative blueprint for companies to elevate their sustainability-resilience reporting, fostering a more robust, transparent, and future-ready corporate landscape that can better navigate the complexities of a climate-impacted world.

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Framing Resilience Indicators of Climate Change: Current Practice of Malaysian Listed Companies

  • Ummi Junaidda Hashim,
  • Norsiah Ahmad,
  • Zalailah Salleh

摘要

Climate change is a phenomenon that would raise the number and magnitude of hydrological extremes namely floods and droughts. In this unexpected phenomenon of environment, the government focuses on both; the resilience of businesses and the sustainable of economy. Currently, the practice of Malaysian companies shows limited focus on climate risk reporting and the report is surface. These climate-related disclosures is vital because it provide a decision-useful that enable users to understand the impact of climate-related risks and opportunities. Thus, this study is designed with objectives; (1) to examine the current practice on sustainability reports among Malaysian companies on climate change matters, (2) to propose an indicator on sustainability-resilience of climate change in the sustainability report for Malaysian companies. This study applies quantitative method whereby a content analysis of 1470 companies listed at the main market of Bursa Malaysia across sectors has been examined. The findings of this study proposed a frame of 36 items on the disclosure of climate change that comprise five pillars. The less reporting is on financial resilience as it is the most difficult part to measure that involves on impact either losses or revenue that possibly resulted from this climate related matters. In conclusion, Malaysian companies are beginning to address climate-related risks in their sustainability reports, disclosures remain superficial, particularly in terms of financial resilience. The framing of 36 disclosure items across five pillars offers a transformative blueprint for companies to elevate their sustainability-resilience reporting, fostering a more robust, transparent, and future-ready corporate landscape that can better navigate the complexities of a climate-impacted world.