The Impact of Climate Risk on Corporate Water Disclosure: Evidence from Water Intensive Companies in Indonesia
気候リスクが企業の水資源開示に与える影響：インドネシアの水集約型企業からの証拠 (AI 翻訳)
I.andFuadah Meutia, S. F. Kartasari, Hasni Yusrianti
🤖 gxceed AI 要約
日本語
水集約型産業における気候リスク（物理的、規制、評判）が水資源開示に与える影響を分析。2021〜2023年の780企業年データを使用し、回帰分析の結果、物理的リスクと評判リスクは開示を促進するが、規制リスクは抑制する。企業規模が最も強い予測因子。
English
This study analyzes the impact of climate risks on corporate water disclosure in Indonesian water-intensive industries. Using 780 firm-year observations, it finds that physical and reputational risks positively affect disclosure, while regulatory risk has a negative effect. Firm size is the strongest predictor.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドネシアの事例だが、日本企業にとっても水リスク管理と開示は重要。特に水集約型産業では、TCFDやISSBの枠組みで水資源開示が注目されている。日本の水関連規制や統合報告書への示唆が得られる。
In the global GX context
This Indonesian case provides insights for global water disclosure scholarship, particularly for countries with high climate vulnerability. It highlights the tension between regulation and substantive disclosure, relevant for TCFD and ISSB frameworks which increasingly consider water-related risks.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the interplay between climate risk types and corporate water disclosure, contributing to legitimacy theory.
🏢実務担当者:Highlights that regulatory pressure may lead to symbolic disclosure; companies should aim for genuine water management transparency.
🏛政策担当者:Suggests that incentive-based frameworks may be more effective than strict regulations in promoting substantive water disclosure.
📄 Abstract（原文）
This study examines the impact of climate-related risks—specifically, physical, regulatory, and reputational risks—on corporate water disclosure (CWD) in water-intensive industries in Indonesia, one of the countries most vulnerable to the impacts of climate change. Grounded in legitimacy theory, the research explores how companies enhance transparency in water management to maintain social acceptance amid external pressures. Using 780 firm-year observations from sustainability and annual reports covering 2021–2023, this study developed the CWD index based on three leading indicators: water efficiency targets, policies, and total water withdrawal. The regression results show that physical and reputational risks positively and significantly impact the level of water disclosure. Firms experiencing operational disruptions or reputational pressure tend to enhance their disclosure efforts to sustain legitimacy. On the other hand, regulatory risk shows a significant negative relationship with disclosure, suggesting that stringent regulations may lead to symbolic rather than substantive reporting. Company size was also found to be the strongest predictor of water disclosure, affirming that larger companies have greater capacity and pressure for sustainability reporting. This research provides a theoretical contribution by integrating the climate risk dimension into sustainability disclosure studies and a practical contribution for regulators. These findings highlight the need for incentive-based regulatory frameworks encouraging genuine corporate transparency and sustainable water management practices.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.54175/hsustain5010003first seen 2026-06-29 08:14:21
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