GX & Decarbonization Research

Widyaningsih Azizah, Eka Sudarmaji, Hotman Fredy

This study develops IFRS S2-based carbon emission disclosure compliance indicators and assesses Indonesian state-owned enterprises across three regulatory phases. Findings show significant compliance improvements in later phases, with quali…

Yì Wáng, Yali Chen, Tingqiang Chen

This paper examines how regional carbon neutral technology innovation affects corporate transition risks, with a focus on the moderating role of sci-tech finance. Using Chinese data, it finds that innovation reduces transition risks, highli…

Richard Sanjaya, Diana Frederica

This study examines factors influencing sustainability index disclosure among non-cyclical firms in Indonesia. Results show that management commitment and institutional ownership positively affect disclosure, while green accounting has no s…

Giuseppe Modaffari, Martina Manzo, Veronica Procacci +1

This study analyzes 17 sustainability reports from 2023 by Italian SMEs listed on Euronext Growth Milan, focusing on SDG disclosure. Findings show most adopt symbolic approaches, neglecting double materiality and assurance. It highlights th…

North American Academic Research

This study uses panel data from 16 Latin American countries (2002-2021) to examine how the choice of environmental metrics affects energy transition evaluation. Comparing Ecological Footprint (EFpc) and Ecological Deficit (EDpc) via fixed-e…

Zhongbin Tong, N. H. Bajuri

Analyzes the impact of ESG improvements on financing costs for 4,704 Chinese A-share listed firms from 2009-2023. Finds that ESG significantly reduces total financing cost and cost of debt, but not cost of equity. Recommends enhanced ESG di…

Lin Yang, Simin Huang, Shumeng Xiao +2

This repository provides code to reproduce analyses examining how scaling climate finance without structural reform can hinder just energy transitions in developing countries. Using random forest and SHAP, the study highlights the need for …

Mikael Valdheerian Barnix, Y. Januarsi, N. Soleha

This study examines the effect of ESG disclosure on financial sustainability using a sample of 275 Indonesian listed firms. Results show that ESG disclosure positively affects financial sustainability, but financial performance does not mod…

Faqih Ahmad Muzakky

This study quantifies exchange rate risk in Indonesia's energy transition financing using historical USD/IDR data from 2014-2024. Scenario-based sensitivity analysis reveals that while volatility is moderate, its long-term financial implica…

Amandeep Kaur Sangra

This study develops an AI-driven risk pricing index (AI_Price) using Random Forest and LSTM to price transition risks in agriculture. Using a panel of 800 Punjab farms and exploiting the 2019 Green Credit Policy rollout as a quasi-experimen…

Buthiena Kharabsheh, Syed Mubarak Billah

This paper investigates the impact of ESG disclosure scores on bank stability and financial performance using panel data from 33 banks in the GCC region (2017-2024). Using generalized least squares and machine learning models, it finds that…

Jun Ma, Wei Cai, Yuchen Wan +2

This study examines how digital transformation, policy intervention, technological investment, and financial support interact to drive industrial low-carbon transition. Using firm-level panel data from over 12,000 observations in manufactur…

Sarath Chandran MC, Renju Chandran

Using a balanced panel of 1,370 listed firms across nine emerging economies from 2014 to 2024, this study finds that green finance significantly improves corporate environmental performance. However, this positive effect is weakened under h…

Putri Zahra Kirana, I. Awwaliyah, Ana Mufidah

This study analyzes the effect of ESG disclosure (Environmental, Social, Governance) on financial performance (ROA, ROE) for companies listed in the IDXESG index on the Indonesia Stock Exchange from 2019 to 2023. Results show that Environme…

C. Sharmila Rao, Aryan Arora, Siya Gherwal, Murad Ul Mustakeem, Yug Sanghvi

This study analyzes the impact of ESG framework adoption on financial performance (ROA, market volatility) using data from Indian Nifty 50 companies (2020-2025). It finds a statistically significant positive relationship between robust envi…

Ririn Irmadariyani, Yosefa Sayekti, I. Purnamawati +1

This study examines determinants of ESG disclosure and its impact on financial performance in Indonesian agroindustry and high-pollution sectors. ESG disclosure positively and significantly affects ROA, especially in high-pollution firms. F…

Mohammed Abubakar Adeyemi & Prof. Zubairul Islam

This paper analyzes the green transport transition in Abuja, Nigeria, focusing on governance, finance, and equity. It highlights the gap between policy and implementation, offering insights into challenges for urban transport decarbonizatio…

Susilo Nur Aji Cokro Darsono, Nadia Dhika Sastiakana, Saizal Pinjaman +3

This study examines macroeconomic and commodity determinants of Green Sukuk performance in Indonesia using VECM from Jan 2020 to Dec 2024. Results show long-term effects of inflation, exchange rate, BI rate, and gold prices, but not oil pri…

Anh‐Tuan Doan, Vu-Hao Doan

Using cross-country bank data, this paper examines whether ESG disclosure reduces income smoothing. Findings indicate that stronger ESG disclosure is associated with lower income smoothing, suggesting enhanced transparency and reduced earni…

Maheshika Senanayake, Fajar Kristanto Gautama Putra, R. P. Gregory +3

This study compares biodiversity and ESG disclosure practices of Indonesian and Korean companies in Indonesia. While sustainability reporting increased significantly, only 7% treated biodiversity as material and 27% aligned with GRI 304. Ko…