Corporate voluntary greenhouse gas reporting: Stakeholder pressure and the mediating role of the chief executive officer. (3rd February 2020)

• Record Type: Journal Article
• Authors: Chithambo, Lyton; Tingbani, Ishmael; Agyapong, Godfred Afrifa; Gyapong, Ernest; Damoah, Isaac Sakyi
• Is Part Of: Business strategy and the environment. Volume 29:Number 4(2020)
• Page Start: 1666
• Page End: 1683
• Publication Date: 2020-02-03
• Subjects: institutional theory -- sustainable greenhouse gas policies -- upper echelons theory and stakeholders engagement -- voluntary disclosure; Industrial management -- Environmental aspects -- Periodicals; Industries -- Environmental aspects -- Periodicals; 658.4083
• DOI: 10.1002/bse.2460
• Languages: English
• ISSNs: 0964-4733

Abstract

Abstract: The study sheds light on the extent to which various stakeholder pressures influence voluntary disclosure of greenhouse gas (GHG) emissions and how the impact is explained and moderated chief executive officer (CEO) characteristics of 215 FTSE 350 listed U.K. companies for the year 2011. The study developed a classification of GHG emission disclosure based on the guidelines of GHG Protocol, Department for Environment, Food and Rural Affairs, and Global Framework for Climate Risk Disclosure using content analysis. Evidence from the study suggests that some stakeholder pressure (regulatory, creditor, supplier, customer, and board control) positively impacts on GHG disclosure information by firms. We found that stakeholder pressure in the form of regulatory, mimetic, and shareholders pressure positively influenced the disclosure of GHG information. We also found that creditor pressure also had a significant negative relationship with GHG disclosure. Although CEO age had a direct negative effect on GHG voluntary disclosure, its moderation effect on stakeholder pressure influence on GHG disclosure was only significant on regulatory pressure.