Climate governance effects on carbon disclosure and performance |
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| Institution: | 1. Victoria University of Wellington, New Zealand;2. Massey University, New Zealand;3. University of Hull, UK;1. Department of Accounting and Finance, University of Bristol, Priory Road, Bristol, BS8 1TN, United Kingdom;2. Alliance Manchester Business School, The University of Manchester, AMBS Building, Booth Street West, Manchester, M15 6PB, United Kingdom;1. Birmingham Business School, University of Birmingham, 116 Edgbaston Park Rd, Birmingham, B15 2TY, United Kingdom;2. Accounting and Finance Group, Alliance Manchester Business School, University of Manchester, Booth Street West, Manchester, M15 6PB, United Kingdom;1. Beedie School of Business, Simon Fraser University, 8888 University Drive, Burnaby, BC, Canada;2. Gordon S. Lang School of Business and Economics, University of Guelph, 50 Stone Rd E, Guelph, ON, N1G 2W1, Canada;3. Ted Rogers School of Management, Ryerson University, 350 Victoria Street, Toronto, ON, M5B 2K3, Canada;4. Haskayne School of Business, University of Calgary, 2500 University Drive, NW, Calgary, Alberta, Canada;1. Edinburgh Business School, Heriot-Watt University, Dubai International Academic City, 294345, Dubai, United Arab Emirates;2. University of Bristol, 15-19 Tyndall''s Park Rd, Bristol, BS8 1PQ, UK;1. Graduate School of Management, University of California, Davis, CA 95694, USA;2. Department of Accountancy and Finance, University of Otago, Dunedin, NZL 9054, New Zealand;3. Ron Joyce Center for Business Studies, Mount Allison University, 144 Main Street, Sackville, NB, E4L 1A7, Canada;1. Department of Accounting, Deakin Business School, Deakin University, 221, Burwood Highway, Burwood, VIC 3125, Australia;2. Centre for Transformative Innovation, Faculty of Business and Enterprise, Swinburne University, John Street, Hawthorn, VIC 3122, Australia;3. Deakin Law School, Deakin University, 221, Burwood Highway, Burwood, VIC 3125, Australia |
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| Abstract: | Integration of carbon oversight into board structures and processes has the potential to improve carbon performance and demonstrate accountability to stakeholders. However, it is not clear how climate governance affects carbon disclosure. Contributing to two strands of the literature, sustainability and governance issues, this paper examines the combined impact of climate governance on carbon disclosure. We find climate governance is associated with alignment between carbon disclosure and carbon performance. The results suggest that climate governance also reduces over-acclaiming of good performance via extensive disclosure, and low-polluters disclose more to differentiate themselves. Our findings highlight the importance of the frequency of reporting to the board and time horizon of carbon reporting for improving carbon disclosure and carbon performance. In contrast to traditional governance mechanisms, our results suggest climate governance better reflects firms’ commitment to addressing sustainability issues and transparent reporting. |
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| Keywords: | Climate governance Climate change Disclosure Sustainability Social impact |
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