Impact of Environmental Reporting on Financial Performance: Study of Global Fortune 500 Companies

Zamil, G. M. Shahariar; Hassan, Zubair

doi:10.28992/ijsam.v3i2.78

Cited by 13 publications

(11 citation statements)

References 22 publications

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“…It is observed that there is an overestimated GDP traditional measure by 51-64%, which is the real economic income produced by Peruvian metal mining sector during the period 1992-1996. Cortez and Cudia (2011) explores the impact of environmental innovations on financial performance of Japanese electronics companies following the growing literature linking corporate social performance with profitability. The sample consists of 10 automotive and 10 electronic companies listed in the Tokyo Stock Exchange.…”

Section: Prior Empirical Evidence On Environmental Accounting (Ea) Anmentioning

confidence: 99%

Environmental Accounting and Corporate Sustainability: A Research Synthesis

Ekundayo¹,

Odhigu²

2020

IJBM

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The paper examined the extent of environmental accounting and its relationship with corporate sustainability with an ardent focus on controversies, contradictions, gaps and relationships with previous explorations. The researchers adopted an assiduous literature review approach on the diverse perspectives of investigators and scholars through probing into their conceptualizations, empiricism and theoretical underpinnings of industrialized nations, emerging economies and least developed countries. The analysis provides a comprehensive overview of recent studies on multiple dimensions of environmental accounting and their interrelationship with corporate sustainability. We observed that there was a broad gap on the issue of profitability, financial leverage, industry type and social and moral responsibility of environmental accounting. Additionally, we also discovered that the relationship between environmental accounting and corporate sustainability has not been effectively established in emerging economies. Premised on this intriguing findings, it was recommended that standard setters should yield to the incessant calls and proposals canvassed by renowned scholars for directives bordering on the establishment of International Financial Reporting Standards (IFRS) on environmental accounting (EA) in order to enhance corporate sustainability (CS).

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Section: Prior Empirical Evidence On Environmental Accounting (Ea) Anmentioning

confidence: 99%

Environmental Accounting and Corporate Sustainability: A Research Synthesis

Ekundayo¹,

Odhigu²

2020

IJBM

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“…Green investment as a part of firms' sustainability drive has become a strategic issue in their decision making as ensuring economic success cannot be compromised (Lestari et al, 2019;Ong et al, 2020). Traditionally, environmental investments are considered a cost concerning activities incurring losses for firms; however, other argue that such actions are necessary to improve the relationship with stakeholders and to achieve profitability in the long run (Trumpp & Guenther, 2017;Zamil & Hassan, 2019). Regardless of the conflicting arguments, stakeholders have raised concerns regarding climate change and Indonesian Journal of Sustainability Accounting and Management, 2021, 5(1), [23][24][25][26][27][28][29][30][31][32] increasing carbon emission .…”

Section: Introductionmentioning

confidence: 99%

Carbon Emission Reduction and Financial Performance in an Emerging Market: Empirical Study of Indian Firms

Makan

Kabra

2021

IJSAM

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The study aims to examine the impact of carbon emission reduction on financial performance in an emerging market context. Thirty eight Indian-listed firms were drawn from the Bombay Stock Exchange for the sample, and firms’ data were collected from sustainability reports and Capitaline Plus corporate database. Carbon productivity and market-to-book ratio were used as a proxy to measure carbon emission reduction and financial performance, respectively. Results show a positive association between carbon emission reduction and financial performance after employing the appropriate panel regression model. This study contributes to the ongoing “pays to be green” literature, and the findings of this study complement the “win–win” research by empirically showing that corporate effort to reduce carbon emission generates a positive impact on firm’s financial performance. Moreover, the findings provide crucial managerial and policy implication.

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“…When companies can practice profitable business, they can be said to behave ethically (Zamil & Hassan, 2019). Disclosure of ethics and integrity in sustainability reporting can also increase its commitment to ethical behavior, especially relating to waste generated by the production process.…”

Section: Indonesian Journal Of Sustainabilitymentioning

confidence: 99%

Corporate Commitment of Environment: Evidence from Sustainability Reports of Mining Companies in Indonesia

Ekasari

Eltivia

Indrawan

et al. 2021

IJSAM

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This research aims to explore the commitment of Indonesian mining companies to environmental sustainability and ensure that they operate following ethical rules without damaging the nature. A content analysis investigates information related to the environment. Research sources include 33 environmental items seen from 7 sustainability reports of Indonesian mining companies. The text’s substance is also examined by identifying various specific characteristics of a message objectively, systematically, and in general. Research results showed that out of 45 mining companies in Indonesia, only 7 had disclosed sustainability reporting. All companies had an environmental commitment but with different stressing. Some companies reveal more about biodiversity; some are more focused on managing both renewable and nonrenewable energy, while others concentrate on effluents and waste. Since mining companies use numerous natural resources as their raw material, these companies should be more committed and concerned about the sustainability of nature and the environmental damage it causes. This study only examined seven sustainability reports from Indonesian mining companies. For future research, the researcher suggested observing annual reports of mining companies that do not disclose sustainability reporting and expressed concerns about the environment, both in Indonesia and Asia as a whole.

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Impact of Environmental Reporting on Financial Performance: Study of Global Fortune 500 Companies

Cited by 13 publications

References 22 publications

Environmental Accounting and Corporate Sustainability: A Research Synthesis

Environmental Accounting and Corporate Sustainability: A Research Synthesis

Carbon Emission Reduction and Financial Performance in an Emerging Market: Empirical Study of Indian Firms

Corporate Commitment of Environment: Evidence from Sustainability Reports of Mining Companies in Indonesia

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