Carbon Performance, Green Strategy, Financial Performance Effect on Carbon Emissions Disclosure: Evidence from High Polluting Industry in Indonesia

Yuliana, Yuliana; Wedari, Linda Kusumaning

doi:10.18280/ijsdp.180529

Cited by 4 publications

(3 citation statements)

References 45 publications

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“…The findings of this research coincide with the findings of previous research which found that green strategies provide encouragement for companies to disclose their activities in reducing carbon emission levels [21]. Although there are many reasons for companies to reduce carbon emissions, a green strategy is one of the most prominent ways.…”

Section: Resultssupporting

confidence: 88%

Corporate governance in Basic Material and Energy Sector Companies, green strategy, and carbon emissions disclosure

Candra,

Lindrianasari

2024

IOP Conf. Ser.: Earth Environ. Sci.

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This study aims to find empirical evidence of the influence of corporate governance and green strategy on carbon emission disclosure. This study uses a quantitative approach using panel data regression with a sample size of 105 energy and basic material sector companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The technical analysis used in this research is software EViews 12. The results of the t test that was carried out to test the first hypothesis showed a t-statistic value of 2.132. and significance 0.0354 < 0.05. This value indicates that the quality of carbon emissions is significantly determined by good corporate governance. Tests carried out on the second hypothesis produced a t-statistic of 1.496 with a significance of 0.000 <0.05, which indicates that companies that adopt a green strategy will tend to carry out activities that reduce carbon emission levels. Meanwhile, the results of testing the third hypothesis show a t-statistic value of 3.023 and a significance of 0.0032. The value of testing this third hypothesis explains that large companies tend to carry out higher carbon emission reduction activities, in line with the increasing attention and expectations of stakeholders for these companies.

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Section: Resultssupporting

confidence: 88%

Corporate governance in Basic Material and Energy Sector Companies, green strategy, and carbon emissions disclosure

Candra,

Lindrianasari

2024

IOP Conf. Ser.: Earth Environ. Sci.

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“…Ordinary least squares (OLS) regression is a commonly used method [39][40][41][42][43] for estimating coefficients in linear regression equations. The OLS method is often used [44,45] Environmental performance is the dependent variable that reveals the carbon dioxide emissions of companies and is calculated as CO2 equivalent direct emissions (Scope 1) divided by market capitalization multiplied by 1000. Market capitalization is an indicator obtained by multiplying the number of shares of a company by the price of one share.…”

Section: Methodsmentioning

confidence: 99%

Does the Financial and Innovation Performance of European and Asian–Oceanian Companies Coincide with the Targets of the Green Deal?

Vaitiekuniene,

Sutiene,

Kovalov

et al. 2024

Sustainability

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The Paris Agreement, signed in 2015 and put into effect in 2016, led to the European Green Deal. It envisages ensuring climate neutrality by 2050. To achieve this, solutions to the climate challenge have to be implemented globally. This research aims to evaluate interactions among corporate financial, innovation, and environmental performance indicators in European and Asian–Oceanian companies. Financial performance refers to the financial capacity and financial resources of companies that enable the creation of more sustainable innovations. More sustainable innovation could contribute to limiting global warming to 1.5 °C. Science indicates that global greenhouse gas emissions need to be cut down by 43% by 2030, compared to 2019 levels, to limit global warming to 1.5 °C. According to our results, it is possible to compare which region, Europe or Asia, moved towards climate neutrality in the analyzed period of 2008–2019. By determining their starting positions, we seek to disclose how companies can contribute to climate change reduction. The results reveal that for both analyzed regions, financial and innovation indicators have an important impact on environmental performance. We found that the ROA ratio and R&D expenditures are significantly linked to carbon dioxide (CO2) emissions as an indicator of environmental performance. The interaction between ROA and CO2 emissions was identified as being stronger in Asia–Oceania. The relationship between R&D expenditures and CO2 emissions was more robust in Europe. Therefore, Europe is participating in the race towards sustainable goals by increasing R&D expenditures to stimulate green economy development. In the race to achieve the Green Deal’s long-term 2050 targets, companies will have to combine their strategic decisions, while business survival requires profitability, meaning that the race towards climate neutrality goals will hardly be possible without corporate R&D expenditures.

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“…More scientific evidence shows that carbon emissions, which are the leading cause of global warming, are a severe threat to life both economically, socially, and environmentally [9][10][11][12][13]. Disclosure of carbon emissions needs to be conveyed to stakeholders as evidence of efforts by corporations to support the reduction of greenhouse gas (GHG) emissions.…”

Section: Introductionmentioning

confidence: 99%

Factors Influencing Carbon Management Accounting Adoption in Indonesia

Andrian¹,

Murwaningsari²,

Sudibyo³

2023

IJSDP

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This study aims to analyze the effects of green strategy, green social capital, and environmental consciousness on carbon management accounting adoption with green culture as a moderating variable. The study uses a quantitative approach by distributing questionnaires to 340 respondents in middle-up management positions in listed and non-listed companies on the Indonesian Stock Exchange. Multiple linear regression analysis was used with the Smart PLS & SPSS statistical tool. This research shows that green strategy has a significant positive effect and green social capital has a significant positive effect on carbon management accounting adoption. Meanwhile, environmental consciousness has no significant effect and green culture cannot moderate the relationship between green strategy, green social capital, and environmental consciousness on carbon management accounting adoption. The contribution of this research provides four new dimensions and 17 new indicators in measuring the adoption of carbon management accounting according to the Indonesian context. Also, this proves that carbon management accounting adoption needs to be supported by the implementation of a green strategy and the development of human resources who are always willing to share knowledge related to climate change issues as evidence to stakeholders of the efforts of corporations to support reducing greenhouse gas emissions.

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Carbon Performance, Green Strategy, Financial Performance Effect on Carbon Emissions Disclosure: Evidence from High Polluting Industry in Indonesia

Cited by 4 publications

References 45 publications

Corporate governance in Basic Material and Energy Sector Companies, green strategy, and carbon emissions disclosure

Corporate governance in Basic Material and Energy Sector Companies, green strategy, and carbon emissions disclosure

Does the Financial and Innovation Performance of European and Asian–Oceanian Companies Coincide with the Targets of the Green Deal?

Factors Influencing Carbon Management Accounting Adoption in Indonesia

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