Climate Change Reporting and Corporate Governance among Asian and African Energy Firms

Amegatcher, Edmund Narh; Asare, Emmanuel Tetteh; Duho, King Carl Tornam

doi:10.1088/1755-1315/997/1/012005

Cited by 7 publications

(4 citation statements)

References 38 publications

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“…The finding is aligned with the work of previous scholars and the resource dependency theory, which indicate that having women board members enhances a firm's tendency to report carbon-related disclosures. This study found that there is a positive relationship between women's leadership and their bringing of resources to the company and environmental disclosure [33,[87][88][89][91][92][93][94][95][96]144,[150][151][152][153][154][155][156][157][158][159][160][161]. On the other hands, even though this research has a similar scope of study to previous work, it is significantly different from prior scholars' findings, who have found that carbon-related disclosure and women's leadership were specifically investigated.…”

Section: Conclusion and Recommendationscontrasting

confidence: 87%

The Effect of Women’s Leadership on Carbon Disclosure by the Top 100 Global Energy Leaders

Majid

Jaaffar

2023

Sustainability

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The energy sector is one of the main sources of carbon emissions and the most significant global polluter. Women’s concerns and the climate crisis were strongly associated when issues about climate change were first articulated in the United Nations Sustainable Development Goals stressing gender equality and climate mitigation actions have received very little attention in the last decade. Consequently, the primary issues raised by this study are the energy industry, and women and climate change. This study examined the effect of women’s leadership on carbon disclosure among the top 100 global energy leaders from 2018 to 2020. This study unequivocally recognizes the effect of women’s leadership as assessed by the number of female board members who are industry experts, serve as advisors, and pose as proxy community leaders for global energy leaders. This study’s sample consisted of 291 observations of global energy leaders sourced from Thomson Reuters’ database. For the panel data analysis, STATA 14 (Version 14.) software was applied as the empirical methodology. The empirical findings showed that among the top energy leaders globally, women leaders increased the degree of carbon disclosure. The findings of this study provide novel insights into the importance of women’s leadership in the energy sector for enhancing and promoting carbon disclosure. The validity of hypothesized links in the findings lends support to the resource dependence theory from the viewpoint of the energy leaders. This study also provides guidance for practitioners, governments, and policymakers on how to combat climate change, encourage the inclusion of as many women as feasible on boards, the promotion of gender parity, and support efforts to achieve the net zero carbon target.

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Section: Conclusion and Recommendationscontrasting

confidence: 87%

The Effect of Women’s Leadership on Carbon Disclosure by the Top 100 Global Energy Leaders

Majid

Jaaffar

2023

Sustainability

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“…Investment banks such as Goldman Sachs and JPMorgan play a crucial role in providing financial advisory services, including capital structuring, mergers and acquisitions, and risk management (Chaudhry et al, 2021). Specialized energy advisory firms like Wood Mackenzie and IHS Markit focus on providing industry-specific insights, market intelligence, and strategic advice, enabling petroleum companies to make informed decisions in a rapidly evolving energy landscape (Amegatcher et al, 2022). Additionally, publicly funded business advisory services offer specific advice tailored to the challenges unique to specific firms in the petroleum industry (Cumming et al, 2014).…”

Section: Corporate Social Responsibility (Csr) In the Petroleum Industrymentioning

confidence: 99%

Sustainable energy transition strategies: A comparative review of CSR and corporate advising in the petroleum industry in the United States and Africa

Chinelo Emilia Okoli,

Oladipo Olugbenga Adekoya,

Valentine Ikenna Ilojianya

et al. 2024

Int. J. Sci. Res. Arch.

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This paper provides a concise overview of a comparative review focused on sustainable energy transition strategies within the petroleum industry in the United States and Africa, examining the role of Corporate Social Responsibility (CSR) and corporate advising. As global concerns about climate change and environmental sustainability intensify, the petroleum industry faces increasing pressure to transition towards more sustainable energy practices. The study employs a comparative approach to analyze the distinct CSR initiatives and corporate advising strategies adopted by petroleum companies in the United States and Africa. By evaluating the effectiveness of these strategies, the research aims to identify best practices and potential areas for improvement in facilitating a sustainable energy transition. In the United States, where environmental regulations and societal expectations have been evolving rapidly, petroleum companies have increasingly embraced CSR initiatives to address environmental concerns. The study explores how these initiatives align with corporate advising strategies and whether they contribute significantly to the industry's sustainable transformation. Contrastingly, in Africa, where the petroleum industry plays a pivotal role in economic development, the study investigates the extent to which CSR initiatives and corporate advising are leveraged to balance economic growth with environmental responsibility. The research sheds light on unique challenges and opportunities faced by African petroleum companies in navigating the sustainable energy transition landscape. Through a comprehensive comparative review, this research aims to provide valuable insights for policymakers, industry leaders, and stakeholders interested in fostering sustainable energy transitions in the petroleum sector. By highlighting successful approaches and identifying potential pitfalls, the study contributes to the global discourse on aligning corporate practices with environmental sustainability goals, ultimately promoting a more responsible and resilient energy industry.

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“…A substantial minority of them share the results of empirical research on corporate climate-related disclosures; only twenty one present various types of indices measuring the level of climate-related disclosures by companies, nine of which focus on GHG emissions (e.g. Asare et al, 2022;Ika et al, 2022;Wedari et al, 2021), five employ the CDP methodology (e.g. de Grosbois & Fennell, 2022;Ika et al, 2022;Charumathi & Rahman, 2019), two resorted to the TCFD methodology (Amar et al, 2022;Demaria & Rigot, 2021).…”

Section: An Overview Of the Literaturementioning

confidence: 99%

The reporting of climate-related information by CSR leaders in Poland: a climate-related disclosures index

Jastrzębska

2023

EiS

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The article measures the scope of reporting climate-related information by companies considered CSR leaders in Poland. An original tool is employed for that purpose: a climate-related disclosures index. First, a critical comparative analysis was performed of climate-related disclosure initiatives (regulations, guidelines, standards) to pinpoint the key and commonly required disclosures. Next, an original index of climate-related disclosures was designed. It helped compute index values for 20 companies perceived as Poland’s CSR leaders. Non-financial reports available in the public domain were analysed for that purpose. The study showed that virtually all climate-related disclosure initiatives implement, to a greater or lesser extent, the TCFD recommendations, which were also embedded in the developed index covering 18 indicators. The total index value (ranging from 0 to 1) for the analysed companies was 0.51 with the median of 0.42. The index demonstrates that companies named CSR leaders in Poland do not display high awareness of climate change.

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Climate Change Reporting and Corporate Governance among Asian and African Energy Firms

Cited by 7 publications

References 38 publications

The Effect of Women’s Leadership on Carbon Disclosure by the Top 100 Global Energy Leaders

The Effect of Women’s Leadership on Carbon Disclosure by the Top 100 Global Energy Leaders

Sustainable energy transition strategies: A comparative review of CSR and corporate advising in the petroleum industry in the United States and Africa

The reporting of climate-related information by CSR leaders in Poland: a climate-related disclosures index

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