Corporate carbon assurance and the quality of carbon disclosure

Luo, Le; Tang, Qingliang; Fan, Hanlu; Ayers, Jamie

doi:10.1111/acfi.13060

Cited by 18 publications

(3 citation statements)

References 120 publications

(181 reference statements)

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“…Bui et al (2021) find that voluntary adoption of carbon assurance and carbon disclosure are associated with high‐quality earnings and reporting integrity. In a similar vein, Luo et al (2023) find that firms that choose to implement carbon assurance tend to exhibit a superior quality of carbon disclosure compared to companies that do not opt for such assurance. This implies that external sustainability assurance can serve as a signal of a firm's commitment to transparency and accountability in carbon reporting, which in turn can enhance the quality and reliability of the firm's non‐financial and financial reporting.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 87%

Achieving sustainable business: The nexus between external sustainability assurance, CSR strategy and emission reduction

Issa

Hanaysha

2023

Corp Soc Responsibility Env

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This study investigates the relationship between firm's emissions reduction initiative and external assurance of sustainability performance, as well as the moderating effect of corporate social responsibility (CSR) strategy. The study uses a sample of non‐financial firms listed on the STOXX Europe 600 index from 2006 to 2021. The findings suggest that external assurance of sustainability has a positive and significant impact on a firm's emissions reduction initiative. Additionally, the study finds that CSR strategy positively moderates the relationship between firm's emissions reduction initiative and external assurance of sustainability. The study's results have implications for managers, regulators, and stakeholders, indicating that external auditing for sustainability can enhance a firm's legitimacy and reputation and that strong CSR strategies can enhance the effectiveness of environmental initiatives. Our results demonstrate resilience to various econometric methods, sub‐sample analyses, propensity score matching, and generalized method of moments (GMM).

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 87%

Achieving sustainable business: The nexus between external sustainability assurance, CSR strategy and emission reduction

Issa

Hanaysha

2023

Corp Soc Responsibility Env

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“…Thus, the findings could be driven by unique characteristics of companies participating in the CDP. Luo et al (2023) examine the association between corporate carbon assurance and the quality of carbon disclosures for an international sample of 1700 large listed companies that participate in the CDP survey from 2010 to 2020 (9902 company-year observations). The quality of disclosure is measured using the CDP scores and ratings.…”

Section: Reporting-related Outcomesmentioning

confidence: 99%

Research on extended external reporting assurance: An update on recent developments

Venter,

Krasodomska

2024

Financ Manag Account

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We review the recent literature on the assurance of Extended External Reporting published since the review published in 2021 in the Journal of International Financial Management & Accounting. Our review includes 50 articles published between 2020 and August 2023 across 30 journals ranked A*, A, or B on the Australian Business Deans Council 2022 Journal Quality List. We find that the literature continues to be dominated by positivist studies investigating the determinants and consequences of assurance. Studies on determinants examine carbon assurance, ownership, governance, and institutional themes. The consequences studies included in our review examine reporting‐related outcomes and investors' decisions. Other (qualitative) studies we reviewed examine issues such as assurance providers seeking meaning in their work and their attempts to promote assurance beyond merely a verification tool. We highlight several avenues for future research that could inform the work of standard setters and regulators.

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“…Enhanced sustainability disclosure serves to minimize information asymmetry between organizations and stakeholders, fostering a deeper understanding of a company's climate risk profile and competitive standing [145]. Companies excelling in sustainability often gain stakeholder rewards, such as favorable contracts and lower capital costs, while those with poor social or environmental records may face resource constraints [146].…”

Section: Hypothesis 3 (H3)mentioning

confidence: 99%

The Impact of Corporate Characteristics on Climate Governance Disclosure

Dilling,

Harris,

Caykoylu

2024

Sustainability

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This study examines the impact of corporate characteristics on climate change governance among 100 of the world’s largest companies, with 1400 observations in the fiscal year 2020. We consider variables such as company location, size, profitability, female board representation, years of reporting using Task Force on Climate-Related Financial Disclosures (TCFD) guidelines, the inclusion of UN Global Compact and Global Reporting Initiative (GRI) information, Dow Jones Sustainability Index (DJSI) membership, MSCI ESG ratings, and the presence of a climate transition plan, a sustainability executive, and a sustainability board committee. Applying a multi-theoretical framework, we employ correlation analysis and univariate and multiple linear regressions to assess the relationships. Our findings reveal positive correlations between climate governance and the presence of a climate transition plan, MSCI ratings, DJSI membership, and the existence of a sustainability executive. Additionally, companies located in developed countries exhibit significantly higher levels of climate change governance. These results hold across various scenarios, offering valuable insights for researchers, academics, business leaders, practitioners, and regulators. With the growing importance of climate change reporting, understanding the key contributing factors for effective climate governance is crucial for organizations seeking to address this critical issue.

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Corporate carbon assurance and the quality of carbon disclosure

Cited by 18 publications

References 120 publications

Achieving sustainable business: The nexus between external sustainability assurance, CSR strategy and emission reduction

Achieving sustainable business: The nexus between external sustainability assurance, CSR strategy and emission reduction

Research on extended external reporting assurance: An update on recent developments

The Impact of Corporate Characteristics on Climate Governance Disclosure

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