Components of Countries’ Regulative Dimensions and Voluntary Carbon Disclosures

Mateo‐Márquez, Antonio J.; González, José María González; Ramírez, Constancio Zamora

doi:10.3390/su13041914

Cited by 9 publications

(2 citation statements)

References 70 publications

(193 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In spite of the rising number of studies on climate change and carbon disclosures [16][17][18][19], there is still a lack of research on the role of government reform and regulatory change in the disclosure of carbon emissions. Moreover, reference [20] called for further studies to look at climate change accounting and accountability by examining climate change-related disclosures.…”

Section: Introductionmentioning

confidence: 99%

Government Reform, Regulatory Change and Carbon Disclosure: Evidence from Australia

2021

View full text Add to dashboard Cite

This paper examines the effect of two Australian environmental regulatory changes, specifically the Clean Energy Act (CEA) 2011 and the National Greenhouse and Energy Reporting (NGER) Act 2007 with reference to voluntary corporate carbon disclosure practices. In doing so, it describes the brief history of this carbon-related regulatory change, its scope, enforcement criteria and corporations’ disclosures. This is a longitudinal analysis of 219 annual reports of 73 listed corporations in Australia which were subjected to carbon tax and report carbon emissions as per the CEA 2011 and NGER Act 2007 accordingly. Any corporation or facility that emitted scope 1 emissions of 25,000 tonnes of carbon dioxide equivalent (CO2-e) or more were liable for a carbon tax in accordance with CEA 2011. Drawing on stakeholder theory and legitimacy theory, this study uses content analysis to examine corporate carbon disclosure. The findings suggest there is a considerable increase in the number of carbon-related disclosures following these regulations being enacted as law. In addition, carbon-specific communication has become much more prevalent and accounts for a larger proportion of the sampled organisations’ reported environmental information. The results of this study enrich the validity of the hypothesis that organisations would seek to legitimise their operations to stakeholders by increasing their environment-related declarations. The evidence presented in the analysis confirms the assertion that government environmental legislation/regulation has a positive impact on corporate behaviour and accountability. These findings have significant consequences for the government, decision-makers and the accounting profession, indicating that regulatory guidance enhances both mandatory and voluntary disclosure. It also offers key insights into the possible impacts of the carbon regulatory change for future research to consider.

show abstract

Section: Introductionmentioning

confidence: 99%

Government Reform, Regulatory Change and Carbon Disclosure: Evidence from Australia

2021

View full text Add to dashboard Cite

show abstract

“…Regulations and rules shape the landscape of the financial market. For example, Mateo-Marquez et al (2021) demonstrated that regulative pressure is a significant factor that influence the probability of a firm's voluntary carbon disclosure, and in particular, climate-related rules and rewards have a positive correlation with the quality of the disclosure. However, there has been no academic literature that specifically focuses on the reform of the green insurance market from the regulative perspective.…”

Section: Regulative Pillarmentioning

confidence: 99%

Current deficiencies and reinforcement of institutional pillars for reform in the green insurance market: A systematic review

Lee,

Fung

2023

EUR J SUSTAIN DEV RES

View full text Add to dashboard Cite

Despite the fact that green insurance makes up a significant portion of green finance, there is a lack of systematic understanding and analysis on the international green insurance market in the literature. In this paper, we study how the market for green insurance has evolved and discuss the current challenges. The important elements promoting sustainable growth in the market include universal consensus on the definition of green insurance, an optimal regulatory framework, technological advancement, and talent nurturing, and rising social acceptance. We apply the institutional framework to explore the future direction of market reform for a sustainable market. Reinforcing the three institutional pillars will help to address the current deficiencies in the market. The pollution liability market in China is examined as a case study. This paper gives insight to both academic and industry fields on drivers and challenges in the increasingly complex and fast-growing green insurance market.

show abstract

The effect of board of directors attributes, environmental committee and institutional ownership on carbon disclosure quality

Abdelrahman Adam Abdalla,

Salleh,

Hashim

et al. 2024

Bus Strat Dev

View full text Add to dashboard Cite

This study assesses the effect of the board of directors' attributes, environmental committee (EC), and institutional ownership (IO) on carbon disclosure quality (CDQ) from the perspectives of legitimacy and agency theories in Malaysia. This study collects and analyzes data based on 1000 observations of firms from carbon‐intensive industries from 2015 to 2019. The effect of the board of directors' attributes, EC, and IO on the CDQ was observed using a panel data regression model. The study revealed a significant positive relationship between board independence, board size, female representation, EC, IO, and CDQ. These findings suggest that carbon disclosure awareness is rising in Malaysia as firms have gradually integrated corporate governance (CG) best practices into their business strategies. To the best of our knowledge, this is the first study to examine the factors that influence CDQ in Malaysian businesses. This study identified firms with a higher CDQ using a new global reporting initiative‐based carbon reporting index. This expands the literature on carbon disclosures. This study focuses on carbon‐intensive industries, which might not reflect Malaysia's current CDQ situation. Thus, future research should focus on other sectors to fully grasp the current state of the CDQ in Malaysia and offer new perspectives on emerging markets. The findings may benefit a vast group of regulatory bodies in assessing Malaysian firms' responses to local and international carbon guidelines.

show abstract

Components of Countries’ Regulative Dimensions and Voluntary Carbon Disclosures

Cited by 9 publications

References 70 publications

Government Reform, Regulatory Change and Carbon Disclosure: Evidence from Australia

Government Reform, Regulatory Change and Carbon Disclosure: Evidence from Australia

Current deficiencies and reinforcement of institutional pillars for reform in the green insurance market: A systematic review

The effect of board of directors attributes, environmental committee and institutional ownership on carbon disclosure quality

Contact Info

Product

Resources

About