Voluntary disclosure of GHG emission information

Janice Hollindale, Pamela Kent, Carolyn Windsor

Research output: Contribution to conferenceAbstractResearchpeer-review

Abstract

Purpose The purpose of this paper is to determine the nature of Australian public companies’ voluntary environmental management disclosures for companies making disclosures about their greenhouse gas emission performance and management in the year before and the year after the introduction of Australia’s National Greenhouse and Energy Reporting legislation, and to empirically test the hypothesized influence of several company characteristics on the quality of these disclosures. Design/methodology/approach The content of GHG performance and management disclosures made in annual reports and stand-alone sustainability reports of 1,766 (1,853) publicly listed Australian companies in 2007 (2009) is determined using an index of quality based on GRI guidelines. The relationship among the quality of disclosures and various company characteristics taken from information asymmetry, agency, political cost and proprietary cost theories is examined using an OLS-regression model. Findings Results indicate that voluntary disclosure of GHG information is significantly related to companies requiring increased debt and having higher leverage, companies belonging to some politically sensitive industries and to the age of companies’ fixed assets. Disclosure of greenhouse gas emission information is also significantly associated with lower ROA, higher Tobin’s q and with having dual (overseas) stock exchange listings.
Original languageEnglish
Publication statusPublished - 2012
Event11th Australasian Centre on Social and Environmental Accounting Research (A-CSEAR) Conference - University of Wollongong, Wollongong, Australia
Duration: 2 Dec 20124 Dec 2012
Conference number: 11th

Conference

Conference11th Australasian Centre on Social and Environmental Accounting Research (A-CSEAR) Conference
Abbreviated titleA-CSEAR Conference
CountryAustralia
CityWollongong
Period2/12/124/12/12

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GHG emissions
Disclosure
Voluntary disclosure
Greenhouse gas emissions
Annual reports
Political costs
Stock exchange
Environmental management
Energy
Legislation
Fixed assets
Tobin's Q
Design methodology
Sustainability reports
Proprietary costs
Exchange listing
Debt
Leverage
Regression model
Industry

Cite this

Hollindale, J., Kent, P., & Windsor, C. (2012). Voluntary disclosure of GHG emission information. Abstract from 11th Australasian Centre on Social and Environmental Accounting Research (A-CSEAR) Conference, Wollongong, Australia.
Hollindale, Janice ; Kent, Pamela ; Windsor, Carolyn. / Voluntary disclosure of GHG emission information. Abstract from 11th Australasian Centre on Social and Environmental Accounting Research (A-CSEAR) Conference, Wollongong, Australia.
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abstract = "Purpose The purpose of this paper is to determine the nature of Australian public companies’ voluntary environmental management disclosures for companies making disclosures about their greenhouse gas emission performance and management in the year before and the year after the introduction of Australia’s National Greenhouse and Energy Reporting legislation, and to empirically test the hypothesized influence of several company characteristics on the quality of these disclosures. Design/methodology/approach The content of GHG performance and management disclosures made in annual reports and stand-alone sustainability reports of 1,766 (1,853) publicly listed Australian companies in 2007 (2009) is determined using an index of quality based on GRI guidelines. The relationship among the quality of disclosures and various company characteristics taken from information asymmetry, agency, political cost and proprietary cost theories is examined using an OLS-regression model. Findings Results indicate that voluntary disclosure of GHG information is significantly related to companies requiring increased debt and having higher leverage, companies belonging to some politically sensitive industries and to the age of companies’ fixed assets. Disclosure of greenhouse gas emission information is also significantly associated with lower ROA, higher Tobin’s q and with having dual (overseas) stock exchange listings.",
author = "Janice Hollindale and Pamela Kent and Carolyn Windsor",
year = "2012",
language = "English",
note = "11th Australasian Centre on Social and Environmental Accounting Research (A-CSEAR) Conference, A-CSEAR Conference ; Conference date: 02-12-2012 Through 04-12-2012",

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Hollindale, J, Kent, P & Windsor, C 2012, 'Voluntary disclosure of GHG emission information' 11th Australasian Centre on Social and Environmental Accounting Research (A-CSEAR) Conference, Wollongong, Australia, 2/12/12 - 4/12/12, .

Voluntary disclosure of GHG emission information. / Hollindale, Janice; Kent, Pamela; Windsor, Carolyn.

2012. Abstract from 11th Australasian Centre on Social and Environmental Accounting Research (A-CSEAR) Conference, Wollongong, Australia.

Research output: Contribution to conferenceAbstractResearchpeer-review

TY - CONF

T1 - Voluntary disclosure of GHG emission information

AU - Hollindale, Janice

AU - Kent, Pamela

AU - Windsor, Carolyn

PY - 2012

Y1 - 2012

N2 - Purpose The purpose of this paper is to determine the nature of Australian public companies’ voluntary environmental management disclosures for companies making disclosures about their greenhouse gas emission performance and management in the year before and the year after the introduction of Australia’s National Greenhouse and Energy Reporting legislation, and to empirically test the hypothesized influence of several company characteristics on the quality of these disclosures. Design/methodology/approach The content of GHG performance and management disclosures made in annual reports and stand-alone sustainability reports of 1,766 (1,853) publicly listed Australian companies in 2007 (2009) is determined using an index of quality based on GRI guidelines. The relationship among the quality of disclosures and various company characteristics taken from information asymmetry, agency, political cost and proprietary cost theories is examined using an OLS-regression model. Findings Results indicate that voluntary disclosure of GHG information is significantly related to companies requiring increased debt and having higher leverage, companies belonging to some politically sensitive industries and to the age of companies’ fixed assets. Disclosure of greenhouse gas emission information is also significantly associated with lower ROA, higher Tobin’s q and with having dual (overseas) stock exchange listings.

AB - Purpose The purpose of this paper is to determine the nature of Australian public companies’ voluntary environmental management disclosures for companies making disclosures about their greenhouse gas emission performance and management in the year before and the year after the introduction of Australia’s National Greenhouse and Energy Reporting legislation, and to empirically test the hypothesized influence of several company characteristics on the quality of these disclosures. Design/methodology/approach The content of GHG performance and management disclosures made in annual reports and stand-alone sustainability reports of 1,766 (1,853) publicly listed Australian companies in 2007 (2009) is determined using an index of quality based on GRI guidelines. The relationship among the quality of disclosures and various company characteristics taken from information asymmetry, agency, political cost and proprietary cost theories is examined using an OLS-regression model. Findings Results indicate that voluntary disclosure of GHG information is significantly related to companies requiring increased debt and having higher leverage, companies belonging to some politically sensitive industries and to the age of companies’ fixed assets. Disclosure of greenhouse gas emission information is also significantly associated with lower ROA, higher Tobin’s q and with having dual (overseas) stock exchange listings.

M3 - Abstract

ER -

Hollindale J, Kent P, Windsor C. Voluntary disclosure of GHG emission information. 2012. Abstract from 11th Australasian Centre on Social and Environmental Accounting Research (A-CSEAR) Conference, Wollongong, Australia.