Does Code of Conduct Moderate Corporate Attributes and Carbon Emission Disclosure?

Abstract

The objective of this study is to analyze the effects of corporate attributes proxied by green strategy, institusional shareholding, and board of director with the code of conduct as a moderating variable on carbon emission disclosure. Previous research has used many variables that affect carbon emission disclosures, but there are a few literatures that use a corporate code of conduct to strengthen the relationship between each variable and disclosure of carbon emissions. This study is the use of the measurement of the corporate code of conduct which is based on the highest index results for disclosing carbon emissions. This study uses quantitative approach and panel data regression using 140 Observations of 28 consumer goods companies listed in IDX for the period 2015-2019, and analyzed by using moderating regression analysis. The results of this study found that green strategy has a positive and significant influence on carbon emission disclosure, while institusional shareholding and board of director have no influence on carbon emission disclosure. Then, the code of conduct can strengthen the green strategy's relationship to carbon emissions disclosure. Meanwhile, the code of conduct cannot moderate the relationship between institutional ownership and the board of directors on carbon emission disclosure. Companies must take advantage of opportunities from the impacts of climate change through a green strategy and supported by the implementation of an effective corporate code of conduct will strengthen the company's competitive advantage through disclosure of carbon emission information.

Pengaruh Green Innovation, Environmental Management Accounting Dan Environmental Strategy Terhadap Environmental Performance Dengan Code of Conduct Sebagai Pemoderasi

“…Menurut (Andrian & Augustine Sudibyo, 2021) teori pemangku kepentingan berpendapat bahwa perusahaan bukanlah suatu entitas yang bertindak hanya untuk dirinya sendiri, melainkan harus memberikan dampak positif atau manfaat bagi para pemangku kepentingannya. Teori pemangku kepentingan ini dapat dihubungkan dengan kinerja lingkungan suatu perusahaan.…”

“…Variabel environmental strategy dengan indikator pengukurannya adalah jumlah item yang diungkapkan dibagi dengan jumlah item pengungkapan (Saputra, 2020). Variabel terakhir yaitu code of conduct dengan indikator pengukurannya adalah jumlah item yang diungkapkan dibagi dengan total item yang diharapkan atau diungkapkan (Andrian & Augustine Sudibyo, 2021).…”

“…Etika bisnis berkaitan dengan nilai-nilai atau norma-norma internal perusahaan serta membentuk keputusan yang berkaitan dengan tanggung jawab sosial yang berkaitan dengan lingkungan eksternal. Namun, hasil riset ini tidak dapat membuktikan apa yang dikutip (Andrian & Augustine Sudibyo, 2021) mengenai perusahaan dengan etika bisnis yang efektif akan memperkuat hubungan green innovation yang ramah lingkungan dengan kinerja lingkungan.…”