Li, P., Li, M., Zhu, W. orcid.org/0000-0002-9402-9140 et al. (1 more author) (2025) Whether voluntary GHG disclosure could help improve subsequent GHG performance-new global evidence. Energy Economics, 141. 108039. ISSN 0140-9883
Abstract
In light of the Conference of Parties 26, carbon information reporting has become ever-increasingly important. Prior studies presented much evidence on whether environmental disclosure could reliably reflect environmental performance. However, very limited evidence has been provided on if environmental disclosure could drive firms to improve future environmental performance. Based on the competing theoretical predictions from the legitimacy theory and the “outside-in” management perspectives, this study provides new international insight into if carbon disclosure improvements could motivate future carbon performance improvement based on a change analysis. Particularly, the investigation uses a recently available carbon data set of both developed economies and developing economies from the Carbon Disclosure Project and other publicly available media platforms. We find that an improvement in carbon disclosure indicates a future carbon performance deterioration in developed economies, however, carbon disclosure changes are not related to future carbon performance changes in developing economies when using performance data from the Carbon Disclosure Project. When using performance data from other publicly available media platforms, carbon disclosure changes are not related to future carbon performance changes at all internationally. This indicates that the carbon information disclosed on other public media platforms has been intentionally beautified. Thus, firms' carbon performance changes from these platforms lose track of the prior changes in firms' carbon disclosure.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | This is an author produced version of an article published in Energy Economics, made available under the terms of the Creative Commons Attribution License (CC BY), which permits unrestricted use, distribution and reproduction in any medium, provided the original work is properly cited. |
Keywords: | GHG disclosure; GHG performance; GHG disclosure strategy; GHG disclosure environment; GHG information disclosure differences; GHG disclosure platform |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Accounting & Finance Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 26 Nov 2024 15:52 |
Last Modified: | 26 Nov 2024 15:52 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.eneco.2024.108039 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:220017 |