Responding to the EU Emissions Trading Scheme: an empirical analysis of corporate carbon disclosure strategy

Responding to the EU Emissions Trading Scheme: an empirical analysis of corporate carbon disclosure strategy
Document type
Paper
Author(s)
Hong Yang, Jessica; Yang Liu, Stephanie
Publisher
British Academy of Management
Date of publication
10 September 2013
Series
British Academy of Management Conference Proceedings 2013
Subject(s)
Management & leadership: including strategy, public sector management, operations and production
Collection
Business and management
Material type
Reports

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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.

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