Relationship between carbon disclosure and carbon performance: the role of environmental exposure, environmental certification and environmental committee
カーボン開示とカーボンパフォーマンスの関係：環境曝露、環境認証、環境委員会の役割 (AI 翻訳)
Leo Themjung Makan, Navin Chettri, Kailash Chandra Kabra
🤖 gxceed AI 要約
日本語
本研究は、カーボン開示とカーボンパフォーマンスの関係を、Fortune Global 500企業のデータを用いて分析。環境曝露、環境認証、環境委員会の調整効果を検証し、過去の開示が将来のパフォーマンスに有意に関連することを確認。特に環境曝露が高い企業で効果が顕著であり、開示が戦略的インプットとして機能することを示唆している。
English
This study examines the relationship between carbon disclosure and carbon performance using Fortune Global 500 data. It investigates moderating effects of environmental exposure, certification, and committee. Findings show a significant link between past disclosure and future performance, especially under high environmental exposure, supporting the 'management outside-in' perspective and suggesting disclosure as a strategic input.
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
本論文は、カーボン開示が単なる報告手段ではなく、戦略的なインプットとして機能することを実証。日本においてもSSBJやTCFD対応が進む中、開示と実質的な排出削減の連関を示す知見は、企業の開示戦略に示唆を与える。
In the global GX context
This paper contributes to the global debate on whether carbon disclosure drives real performance. It provides empirical evidence that disclosure, especially under strong external pressures, leads to improved carbon performance, which has implications for reporting frameworks like ISSB and CSRD that aim to link disclosure to outcomes.
👥 読者別の含意
🔬研究者:Researchers can use this dynamic panel approach as a model for addressing endogeneity in disclosure-performance studies.
🏢実務担当者:Corporate sustainability teams should consider that proactive carbon disclosure, especially under high environmental exposure, can lead to better future carbon performance, not just satisfy reporting requirements.
🏛政策担当者:Regulators may note that environmental exposure amplifies the effectiveness of disclosure requirements, supporting targeted mandatory disclosure policies.
📄 Abstract（原文）
Purpose This paper aims to study the relationship between carbon disclosures and carbon performance. In particular, the research investigates the moderating influence of environmental exposure, environmental certification and the existence of an environmental committee on carbon disclosures. Whether companies should adopt carbon disclosures as a strategy to address the demands of their stakeholders or simply use it as a reporting mechanism. Design/methodology/approach The data in the study is based on the annual corporate reports of Fortune Global 500 companies. To address the problem of endogeneity, the study uses two-step system GMM dynamic panel regression as a key method. Other methodologies such as difference-in-differences analysis and ordinary least squares are used for robustness checks. Findings The findings of the study reveal a significant link between past carbon disclosure and carbon performance in the future. These findings empirically validate the “management outside-in” perspective. Additionally, findings reveal a more significant effect when environmental exposure is high among corporations, thus confirming the influence of industry on the relationship. Originality/value This study contributes by reconceptualizing carbon disclosure as a strategic input rather than outcome, using dynamic modelling to address potential endogeneity. Furthermore, the study challenges the view that disclosure primarily serves legitimacy purposes, providing evidence that it can drive substantive carbon management when external pressures are present.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1108/srj-04-2025-0402first seen 2026-06-25 04:52:25
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