Call for Papers – Determinants and Consequences of Climate Risk Disclosure




Advisory Editors 

Nazim Hussain
Faculty of Economics and Business, University of Groningen, Groningen, The Netherlands
Email: [email protected]

Duc Khuong Nguyen
IPAG Business School, France
[email protected]

Themed Issue Information

Climate change is one of the biggest challenges of the 21st century. The problem of climate change is linked to all aspects of growth and development including economic development, social fabric, productivity, and industrial development. It also causes environmental hazards, climate-related risk management, and transitional risks (Breitenstein, Nguyen & Walther, 2021; Breitenstein et al., 2022). Climate scientist have observed that the trend towards higher global temperatures exacerbates the risks of droughts. Recently, researcher note the prices of stocks discount these risks (Hong, Li, & Xu, 2019). This shows the value relevance of climate risk. This risk of climate change has been mainly caused by unsustainable industrial growth. Industries and corporations are the main economic development drivers. At the same time, they are the biggest consumers of environmental resources (Hussain, Rigoni, & Orij, 2018). Since the beginning of industrialization, the corporations have been exploiting natural resources unsustainably. Recently, in the light of concerns about climate change, many countries are planning to implement a carbon tax to control the greenhouse gas emissions.

Additionally, corporations are now pressurized by various stakeholders including policy makers to disclose information about their sustainability initiatives as well as climate change risks (Griffin & Jaffe, 2022; Hussain, Rigoni, & Cavezzali, 2018). Corporations across the globe have started disclosing their sustainability related information in their financial reports and standalone sustainability reports. However, very little has been researched about the level of climate risk disclosure and by the listed companies. Recent research shows that corporations choose to disclose selective sustainability information and hide other unsustainable practices (García-Sánchez, Hussain, Khan, & Martínez-Ferrero, 2021).

The objective of this themed issue is to improve knowledge about corporate environmental performance and its role in the financial market and sustainable economic development. This issue focuses on the evaluation of the implementation of corporate environmental performance in a true sense and its impact on society in a broader perspective and stakeholders in a more specific perspective. This special issue encourages the research on this less explored area in the corporate sustainability literature as suggested by recent research works (García-Sánchezet et al., 2021; Testa, Boiral, & Iraldo, 2018; Du, 2015). We encourage submission of original papers exploring research questions related to determinants and consequences of corporate climate risk disclosure.

The journal particularly welcomes submissions including, but is not limited to studies addressing:

  • Institutional level determinants of corporate climate risk disclosure;
  • Market and firm level determinants of climate risk disclosure;
  • Climate risk disclosure and access to finance;
  • Climate risk disclosure and investors’ response;
  • Corporate reputation management;
  • Role of managerial characteristics in climate risk disclosure transparency;
  • Stakeholder engagement and climate risk disclosure

Manuscript Submission Information

Manuscripts should be submitted online at Manuscripts can be submitted until the deadline. Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers).

All submissions that pass pre-check are peer-reviewed. All manuscripts are thoroughly refereed through the standard double-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Author guidelines page. There is no charge to the author. Submitted papers should be well formatted and use good English.

For any further information, please contact the Advisory Editor, Dr. Nazim Hussain at [email protected] or the Journal’s Editor in Chief, Prof. Dr. Le Quoc Hoi at [email protected].

Please forward this call for papers to your colleagues or friends if they are interested in submitting to this themed issue.

Deadline for manuscript submissions: 30 September 2022

Publication schedule: January 2023


Breitenstein, M., Nguyen, D. K., & Walther, T. (2021). Environmental hazards and risk management in the financial sector: A systematic literature review. Journal of Economic Surveys, 35(2), 512-538.

Breitenstein, M., Anke, C.-P., Nguyen, D.K. and Walther, T. (2020). Stranded asset risk and political uncertainty: the impact of the coal phase-out on the german coal industry. The Energy Journal, 43(5).

García-Sánchez, I. M., Hussain, N., Khan, S. A., & Martínez-Ferrero, J. (2021). Do markets punish or reward corporate social responsibility decoupling?. Business & Society60(6), 1431-1467.

Griffin, P., & Jaffe, A. M. (2022). Challenges for a climate risk disclosure mandate. Nature Energy7(1), 2-4.

Hong, H., Li, F. W., & Xu, J. (2019). Climate risks and market efficiency. Journal of econometrics208(1), 265-281.

Hussain, N., Rigoni, U., & Cavezzali, E. (2018). Does it pay to be sustainable? Looking inside the black box of the relationship between sustainability performance and financial performance. Corporate Social Responsibility and Environmental Management25(6), 1198-1211.

Hussain, N., Rigoni, U., & Orij, R. P. (2018). Corporate governance and sustainability performance: Analysis of triple bottom line performance. Journal of Business Ethics149(2), 411-432.

Testa, F., Boiral, O., & Iraldo, F. (2018). Internalization of environmental practices and institutional complexity: can stakeholders pressures encourage greenwashing?. Journal of Business Ethics147(2), 287-307