Climate Disclosure as an Organizational Capability

This management review examines climate disclosure as an organizational capability. The organizing question is how firms can connect reported climate information to strategy, capital allocation, operations, and accountability. Ten related scholarly sources are synthesized through a decision-centered framework spanning problem definition, mechanism, measurement, evaluation, implementation, and governance. The review does not invent experiments, pooled estimates, or unreported quantitative results. It instead evaluates the strength and transferability of the available evidence, with particular attention to treating disclosure volume as evidence of organizational capability or environmental performance. The resulting framework links technical or empirical performance to explicit use conditions and identifies tests that should precede wider adoption in corporate climate strategy and sustainable finance.

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8. Krueger, P., Sautner, Z., & Starks, L. T. (2019). The Importance of Climate Risks for Institutional Investors. Review of Financial Studies, 33(3), 1067-1111. https://doi.org/10.1093/rfs/hhz137 DOI
9. Palea, V., & Drogo, F. (2020). Carbon emissions and the cost of debt in the eurozone: The role of public policies, climate‐related disclosure and corporate governance. Business Strategy and the Environment, 29(8), 2953-2972. https://doi.org/10.1002/bse.2550 DOI
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