Carbon Disclosure Project (CDP) Scores and the Level of Disclosure on Climate Change Related Activities: An Empirical Investigation of the FTSE 100 Companies

Hassan, Abeer; Wright, Andrew B.; Struthers, John

doi:10.2139/ssrn.3322035

Cited by 8 publications

(7 citation statements)

References 11 publications

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“…Following previous studies (Hassan et al , 2019; Alnabsha et al , 2018; Elamer et al , 2017, 2018, 2019; Elmagrhi et al , 2019; Hassan et al , 2013b; Ntim and Soobaroyen, 2013), a dichotomous scoring system is used to collect the disclosure index for each company. A value of one is assigned if a company adopts GRI sustainability reporting guidelines, and a value of zero otherwise.…”

Section: Methodsmentioning

confidence: 99%

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Voluntary assurance of sustainability reporting: evidence from an emerging economy

Hassan

Elamer

Sobhan³

et al. 2020

ARJ

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Purpose This paper aims to investigate the supply and demand side of sustainability assurance in Bangladesh. Design/methodology/approach Drawing on signalling theory, a logistic regression model is used for a sample of 100 of the largest Bangladeshi companies to study the relationships between assurance, sustainability disclosure, industry membership and reporting format. Findings Authors’ results show that companies which produce more sustainability information are more likely to get their sustainability assured, to be from non-carbon intensive industries, and are more likely to integrate their sustainability information with the financial annual reports. Authors’ results support the argument that organisations based in weaker legal environments are more likely to secure assurance as this adds to the credibility and reliability of sustainability reports. Research limitations/implications This paper has limitations which raise some issues for future research. First, the authors have covered only large companies; therefore, future research could examine the differences between small and large companies in relation to assurance. Secondly, the authors’ data consist of company sustainability disclosure information in the fiscal year 2015. Longitudinal studies are recommended to extend this research. Finally, future research could examine the moderating effects of geographical location on the relationship between assurance (and its providers) and other variables. Practical implications The findings of this paper will prove valuable to practitioners and researchers. Practitioners, including assurance providers and sustainability reporting managers will benefit from authors’ study as it covers both the demand and supply side characteristics of assurance. Researchers will benefit from the study as it investigates assurance practices in the developing country of Bangladesh. Originality/value To the best of the authors’ knowledge, this is the first study to examine both the supply and demand sides of sustainability assurance in Bangladesh. Authors also introduce reporting format when measuring the relationship between assurance and its determinant factors at micro level. The study also links assurance to signalling theory.

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Section: Methodsmentioning

confidence: 99%

“…Following previous studies (Adhikariparajuli et al, 2019;Alnabsha et al, 2018;Elamer et al, 2017Elamer et al, , 2018Elmagrhi et al, 2018;Hassan et al, 2013b;Ntim and Soobaroyen, 2013), a dichotomous scoring system is used to collect the disclosure index for each company.…”

Section: Research Variablesmentioning

confidence: 99%

Voluntary assurance of sustainability reporting: evidence from an emerging economy

Hassan

Elamer

Sobhan³

et al. 2020

ARJ

Self Cite

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“…They are, therefore, concerned about potential costs facing firms for addressing global warming. Hassan et al (2013) attempts to link CDP scores with the actual level of disclosure, as published in the UK FTSE 100 companies' sustainability reports. By investigating the level of disclosure on a range of climate change-related activities, their findings suggest that disclosure by the top UK companies reveals a considerable awareness that climate change has become a theme of strategic choice.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The emission trading system, risk management committee and voluntary corporate response to climate change – a CDP study

Hossain

Farooque

2019

IJAIM

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Purpose The purpose of this study is to examine the impact of emission trading system, board risk management committee and firm age on firms’ responsiveness to climate change in Carbon Disclosure Project (CDP) 2011. More specifically, this study investigates whether global corporation’s responses on carbon-related disclosure are influenced by some specific attributes. Design/methodology/approach The study covers a sample of 500 companies in 38 countries in 12 geographical locations. It uses the carbon disclosure scores in the CDP 2011 as the dependent variable. The authors estimate the OLS regression model to investigate the hypotheses. Findings The findings demonstrate that the presence of an emission trading system, a board risk management committee and the firm age have a significant positive relationship with carbon disclosure scores (i.e. CDP scores). However, the impacts of the board risk management committee and firm age on CDP scores are not moderated by the emission trading system at the firm level, suggesting that they have an independent and substitutive effect on climate change-related risk disclosure. Originality/value The study may be of relevance to investors and other stakeholders in evaluating the accountability of companies in relation to strategies for managing climate risk.

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“…Different industries across diverse industrial sectors will display significant differences. A number of studies found that companies from carbon-intensive industries tend to disclose more social and environmental information than companies from non-carbon intensive industries (Cho and Patten, 2007;Brammer and Pavelin, 2008;Haddock-Fraser and Tourelle , 2010;Martin and Hadley, 2008;Valentine, 2009, Hassan et al, 2013Hassan, 2015). In order to test whether the level of disclosure on assurance will be higher in companies belonging to carbon-intensive industries, we propose the following research question:…”

Section: Assurance and Industry Membership In Bangladeshmentioning

confidence: 99%

Corporate social responsibility and assurance disclosure practice: an investigation of the top 100 companies in Bangladesh

Fletcher¹,

Sobhan²,

Hassan³

2018

IJSE

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This study investigates the link between assurance practices of Corporate Social Responsibility (CSR) reports using the top 100 Bangladeshi companies in the year 2015 based on the Global Reporting Initiatives (GRI). The main objective is to find out to what extent companies in Bangladesh assure their CSR activities. To achieve the research objectives, three research questions are developed to examine the interrelationships between assurance and Corporate Social Responsibility (CSR) disclosure, industry sector, and reporting format. We find that, in general, Bangladeshi companies tend to assure their disclosure in the areas of economic performance, labour and society. We find that non-carbon Bangladeshi companies tend to get their CSR disclosure assured. We also find that Bangladeshi companies which adopt assurance tend to disclose more CSR activities on their annual report. Our results, in general, support proactive legitimacy theory as they provide evidence that Bangladeshi companies proactively disclose CSR information in certain areas and seek assurance to enhance stakeholders' confidence and credibility of social and environmental reporting.

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Carbon Disclosure Project (CDP) Scores and the Level of Disclosure on Climate Change Related Activities: An Empirical Investigation of the FTSE 100 Companies

Cited by 8 publications

References 11 publications

Voluntary assurance of sustainability reporting: evidence from an emerging economy

Voluntary assurance of sustainability reporting: evidence from an emerging economy

The emission trading system, risk management committee and voluntary corporate response to climate change – a CDP study

Corporate social responsibility and assurance disclosure practice: an investigation of the top 100 companies in Bangladesh

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