Responding to the EU Emissions Trading Scheme: an empirical analysis of corporate carbon disclosure strategy
- Document type
- Hong Yang, Jessica; Yang Liu, Stephanie
- British Academy of Management
- Date of publication
- 10 September 2013
- British Academy of Management Conference Proceedings 2013
- Management & leadership: including strategy, public sector management, operations and production
- Business and management
- Material type
The purpose of this developmental paper from the Sustainable and Responsible Business track of BAM 2013 is to explore how companies that hold carbon trading accounts under European Union Emissions Trading Scheme (EU ETS) respond to the climate change by using disclosures on carbon emissions as a means to generate legitimacy compared to others. The study is based on disclosures made in annual reports and stand-alone sustainability reports of UK listed companies from 2001-2012. The study uses content analysis to capture both the quality and volume of the carbon disclosures. The results show that there is a significant increase in both the quality and volume of the carbon disclosures after the launch of EU ETS. Companies with carbon trading accounts provide greater detailed disclosures as compared to the others without an account. The study also finds that company size is positively correlated with the disclosures while the association with the industry produces an inconclusive result.
Related to Management & leadership: including strategy, public sector management, operations and production
Downloadable paper looking at the incentive packages of FTSE 350 firms
Downloadable briefing on the voting patterns of shareholders on FTSE 100 CEO pay
Downloadable white paper defining what organsiational purpose is and how it can help drive performance.
Downloadable report looking at what employers think should be done to help prepare students for working life.