Oil and gas companies fall short on climate risks in annual reports
Thursday 1 April 2021
A backhoe offloads large pieces of stone at the Nordberg Crushing Plant at the Studley Park Quarry on the Windward Road, Tobago in this 2020 photo. - Photo by Ayanna Kinsale
A detailed analysis of mining, oil and gas companies by ACCA (the Association of Chartered Certified Accountants) and the University of Glasgow Adam Smith Business School reveals the need for more clarity and depth in climate change related disclosures.
The scrutiny of 60 companies’ 2019 annual reports indicates that many companies do not sufficiently engage with disclosures about their climate change-related risks. With COP26 taking place in Glasgow in November, this analysis comes as a wakeup call, with the report authors saying there is a more urgent need for improving climate change-related disclosures.
Graeme Roy Picture: Gordon Terris Rishi Sunak was able to breathe a sigh of relief last week when he was given a much more upbeat forecast for the UK economy than he might have hoped for. Supported by the success of the vaccine programme, the Office for Budget Responsibility (the Government’s independent forecaster) now believes the UK economy is on track to return to pre-crisis levels of activity by mid-2022. Unemployment is expected to peak at just 6.5% – the lowest rise in the number of people out of work of any recent recession. But the inequalities that this crisis has exposed will not disappear quickly, and it will take years for many businesses and families to rebuild their livelihoods.
Issued: Thu, 25 Feb 2021 14:42:00 GMT
Business School academics are working with industry leaders and partner universities to help boost innovation in Europe.
The €4.3m project will examine how different industries, companies, and cultures manage to adapt to rapidly changing situations.
It aims to help companies and technologists navigate how to communicate the value of new technology and have their ideas accepted in society, and for policy makers to better understand how to support and encourage innovation.
Professor Niall MacKenzie is leading the project at University of Glasgow Adam Smith Business School, working with Co-Investigators Dr Jillian Gordon and Dr Dominic Chalmers. He said: “Currently we don’t fully understand how society accepts new technologies or organisational forms in a way that is systematic and actionable. By investigating how society accepts new technologies, ideas, and ventures across 15 different topics our work will help unlock the innovation po
Men from ethnic minorities ‘had greater mental health declines during pandemic’
(Dominic Lipinski/PA)
Men from ethnic minority groups may have experienced worse mental health declines than white men in the UK during the Covid-19 pandemic, research suggests.
Scientists say there is some evidence that Bangladeshi, Indian and Pakistani men may have experienced the highest average increase in mental distress when compared to white British men.
Women, regardless of their ethnicity, were also found to experience a greater average increase in mental distress than men.
The findings, published in the journal Plos One, are based on a survey of more than 14,000 people from before and during the pandemic.