Drivers and barriers to the implementation of the task force on climate-related financial disclosures: The example of EDP

• Autor(a) principal: Realista, Rita Fortes
• Data de Publicação: 2023
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10071/29504
• topic: Responsabilidade social das empresas -- Corporate social responsibility; Relatório -- Report; Sustentabilidade -- Sustainability; Task force on climate-related financial disclosures; Estudo de caso -- Case study

The impact of climate change has made stakeholders more demanding. They are increasingly looking to know what measures companies are taking to deal with climate change, how they are assessing the climate-related risks and how they are adapting their strategies to be more resilient. Given these current stakeholders’ needs and considering that non-financial reporting will become mandatory soon, the aim of this thesis is to analyse the implementation process of one of the frameworks - Task Force on Climate-related Financial (TCFD) disclosures recommendations - most used to disclose this type of information. To this end, a Portuguese company in the energy sector Energias de Portugal (EDP) was selected as the case study. Interviews were conducted with employees involved in the preparation of this data in order to understand the main challenges, advantages and results obtained in adopting these recommendations. In addition, the climate transition plan developed by EDP in 2022 was analysed to assess its structure and understand how it is aligned with the TCFD recommendations. The results show that although EDP has faced some challenges, which are common to other companies, it has managed to overcome them and remain aligned with all the disclosure recommendations. It presents a well-structured report, which has been subject to continuous improvement.