Creating Value with Environmental, Social, Governance (ESG) in Irish Manufacturing SMEs’: A Focus on Disclosure of Climate Change Risks and Opportunities

Mary Doyle-Kent, Mary Cronin

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

Since the industrial revolution, greenhouse gas emissions (GHG) have been steadily increasing posing environmental, social, and economic risks. Irish Small Medium Enterprises (SMEs) have yet to fully recognize the risks and opportunities associated with climate change. It is anticipated that climate-related regulations are rapidly moving towards mandatory disclosures integrated into annual financial reports with equivalent rigor. This paper examines Environment, Social, Governance drivers and landscape, SMEs preparedness, risks and opportunities and actions needed. The results indicate that voluntary compliance remains low, and SMEs fail to recognise the strategic opportunity associated with climate change
Original languageEnglish (Ireland)
Pages (from-to)48
Number of pages53
JournalIFAC-PapersOnLine
Volume55
Issue number39
Publication statusPublished - 20 Dec 2022

Keywords

  • Climate related risks and opportunities
  • Economic Social and Governance
  • Sustainable Finance
  • Circular Economy
  • EU Taxonomy
  • Regulation
  • Industry 4.0
  • Industry 5.0

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