Integration of carbon and environmental strategies within corporate disclosures

Radu, Camélia; Caron, Marie‐Andrée; Arroyo, Paulina

doi:10.1016/j.jclepro.2019.118681

Cited by 36 publications

(36 citation statements)

References 74 publications

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“…There is a massive body of literature discussing the conceptual framework of corporate carbon accounting [7,8]. Several guides, standards, and norms are available to help organisations disclose information about environmental performance and carbon performance [4]. The most widely used accounting tool is the Greenhouse Gas (GHG) Protocol, serving as a standard for measuring and reporting organisational level direct and indirect greenhouse gas emissions [9].…”

Section: Literature Review 21 Carbon Accounting In Corporate Practice and Regulationmentioning

confidence: 99%

“…Some choose proactive and innovative strategies, while others opt for reactive environmental strategies. A key feature of proactive environmental strategies is the use of modern methods integrated into management systems [4]. Companies should integrate their sustainability goals across the business platform, rather than treating them as separate from their business strategy [2].…”

Section: Introductionmentioning

confidence: 99%

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Carbon Accounting Measurement with Digital Non-Financial Corporate Reporting and a Comparison to European Automotive Companies Statements

2021

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The regulatory environment for both sustainability and financial reporting is changing as standardisation and digital reporting (e.g., XBRL) are gaining traction within regulators. The measurement methodology and mandatory information content of disclosures are yet to be decided for corporate CO2 reporting by EU regulators and standard-setting organisations. In our study, we reviewed the sustainability reports of three leading German automotive groups by revenue for the period 2016–2020 as a case study. The research methodology was carried out with text-mining-aided content analysis to provide a collection of sustainability standards (GRI and SASB) in the evaluation of emissions reporting. As an addition to prior literature, conditions of relevance and clarity regarding published information were introduced in the evaluation process of compliance to CO2 disclosures. Companies by reporting practice were assigned to different stages of carbon management and actual emissions were evaluated. In the conclusions, discussion of the reliability of reported sustainability information, the applicability of digital reporting is provided through regional perspectives. We found that although analytical methods are available to assess the level of corporate carbon management, their usefulness is limited if the data are not reliable. Significant progress can be expected from analyses using standardised, comparable corporate carbon data.

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Section: Literature Review 21 Carbon Accounting In Corporate Practice and Regulationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Carbon Accounting Measurement with Digital Non-Financial Corporate Reporting and a Comparison to European Automotive Companies Statements

2021

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“…Firms have increasingly included consideration of global warming in their strategic management decision making (e.g. Alsaifi et al, 2019;Matsumura et al, 2014) and have adopted a range of environmental strategies (Radu et al, 2020). In recent years, businesses have experienced increasing pressure to disclose more information about their plans to lower their greenhouse gas (GHG) emissions and their overall climate change strategy.…”

Section: Introductionmentioning

confidence: 99%

Market responses to firms’ voluntary carbon disclosure: Empirical evidence from the United Kingdom

Alsaifi

Elnahass

Salama

2020

Journal of Cleaner Production

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In corporate boardrooms around the world, climate change has quickly risen to become a major issue, matching public concern. Recently, corporate management has encountered stakeholder pressure to disclose more information about their carbon profile and their plans to improve it.They have also been challenged to find the appropriate strategy for carbon disclosures, requiring an understanding of the costs and benefits of both carbon improvement initiatives and the reporting of them.Using a unique data set that contains firms listed on the FTSE 350 index on the London Stock Exchange market from 2009 to 2015, we apply the event study method to examine market reaction to carbon disclosures. The results show that investors respond significantly negatively to carbon disclosure announcements via Carbon Disclosure Project (CDP) of FTSE 350 firms.Moreover, for firms working in carbon-intensive industries, investors react to carbon disclosure announcements in a more significantly negative way compared with the main sample. We also find that the study's main findings are driven by the smaller FTSE 350 firms. Furthermore, a subsample of observations for the financial crisis period of 2007-2008 was analyzed to explore the examined relationship during the crisis. In contrast, a significant positive market reaction to carbon disclosure was found for the 2007-2008 crisis period. Our study's findings offer fresh insight and updated policy implications for investors, management and sustainability institutions. We recommend management accompanies their carbon disclosures with more explicit statements of reasons for carbon initiatives and the benefits arising from them.

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“…A cluster analysis was performed to determine empirical levels of corporate performance, from which three patterns were derived: financially focused performance, balanced performance, and CSR-focused performance. Consistent with previous studies that looked at a number of determinants of firm performance, including governance and firm-specific characteristics (Dunn & Sainty, 2009;Francoeur et al, 2008;Jo & Harjoto, 2011;Lu & Herremans, 2019;Mallin et al, 2013;Nelling & Webb, 2009;Ortas et al, 2017;Walls et al, 2012), we complement our cluster analysis with a profiling stage based on these factors to help us better understand corporate gover- (2003) and offer an empirical illustration of the results of firms implementing integrated strategies, as described by Radu et al (2020).…”

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confidence: 86%

Corporate performance patterns of Canadian listed firms: Balancing financial and corporate social responsibility outcomes

Radu

Smaïli

2021

Bus Strat Env

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Based on stakeholder theory and considering the conflicting performance interests of a wide range of stakeholders, this research investigates corporate performance patterns using a cluster analysis of financial, social, and environmental performance dimensions. An analysis of a Canadian sample of 771 company-year observations for the period 2014-2018 reveals three types of corporate performance: financially focused performance, balanced performance, and corporate social responsibility (CSR)-focused performance. Firms in the largest cluster, financially focused performance, deliver poor sustainable performance and prioritize financial performance over social and environmental performance. The CSR-focused performance cluster scores low for financial performance and high for environmental and social performance. The balanced-performance cluster also has higher levels of sustainable performance but is the smallest cluster, accounting for a quarter of the sample.Overall, this study presents a portrait of corporate performance balancing financial and CSR objectives and the evolution of this activity over the research period.

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Integration of carbon and environmental strategies within corporate disclosures

Cited by 36 publications

References 74 publications

Carbon Accounting Measurement with Digital Non-Financial Corporate Reporting and a Comparison to European Automotive Companies Statements

Carbon Accounting Measurement with Digital Non-Financial Corporate Reporting and a Comparison to European Automotive Companies Statements

Market responses to firms’ voluntary carbon disclosure: Empirical evidence from the United Kingdom

Corporate performance patterns of Canadian listed firms: Balancing financial and corporate social responsibility outcomes

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