Abstract

The growth of the salmon aquaculture industry has attracted an increasing number of investors. Investors are conscious of economic consequences of climate change for the salmon farming companies, hence their demand for climate-related financial disclosure has increased. This study discusses potential climate-related financial impacts imposed on the salmon aquaculture production as identified by the Task Force on Climate-related Financial Disclosure (TCFD). We use data from 2016 to 2021 available on the Carbon Disclosure Project (CDP) platform, and we show to what extent salmon aquaculture companies disclose their climate-related risks. We find that when the demand of investors for climate-related financial disclosure increases, more firms tend to comply with their requests, while based on the CDP’s evaluation system, the firms perform better in minimizing their carbon impact. We argue that when salmon aquaculture companies publish their climate-related financial disclosure, they ensure transparency for their investors and secure a smooth transition into a low carbon economy.

摘要

鲑鱼养殖业的发展吸引了越来越多的投资者。投资者意识到气候变化对鲑鱼养殖公司的经济影响，因此他们对气候相关财务披露的要求有所增加。本研究讨论了气候相关财务披露工作组 (TCFD) 确定的对鲑鱼水产养殖生产造成的潜在气候相关财务影响。我们使用碳披露项目 (CDP) 平台上提供的 2016 年至 2021 年数据，显示鲑鱼水产养殖公司披露其气候相关风险的程度。我们发现，当投资者对气候相关财务披露的要求增加时，更多的企业倾向于遵守他们的要求，而根据CDP的评估体系，这些公司在最大限度地减少碳影响方面表现更好。我们认为，当鲑鱼水产养殖公司公布与气候相关的财务信息时，他们可以确保投资者的透明度并确保向低碳经济的平稳过渡。