Understanding the relation between climate change risks and biodiversity disclosures: an international analysis

IF 1.1 Q3 BUSINESS, FINANCE

Journal of Accounting Literature Pub Date : 2024-07-22 DOI:10.1108/jal-04-2024-0072

Nurlan S. Orazalin, C. Ntim, John Kalimilo Malagila

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引用次数: 0

Abstract

PurposeThis study explores the relation between firm-level climate change risks, measured by carbon emissions and waste generation, and the level of biodiversity disclosures.Design/methodology/approachDrawing on an international sample from 2009 to 2021, our study employs panel regression models to assess the effects of climate change risks on biodiversity disclosures. We also conduct a range of sensitivity analyses, including additional proxies, endogeneity tests, and alternative samples to examine the robustness of our inferences.FindingsWe find that firms with higher carbon emissions and waste generation levels tend to disclose extensive biodiversity information. Furthermore, we provide evidence that the disaggregated components of carbon (Scope 1 and 2) emissions and waste (hazardous and non-hazardous) generation volumes are positively associated with biodiversity disclosures. Our results also reveal that the effects of climate change risks on biodiversity disclosures are stronger for firms from environmentally sensitive industries. Finally, our results show that climate and biodiversity protection regulations appear to be effective in limiting legitimation efforts.Originality/valueConsistent with legitimacy theory, our findings suggest that high carbon and waste emitting firms tend to utilize increased biodiversity disclosures as a legitimizing tool to conform to societal expectations and protect their legitimacy.

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了解气候变化风险与生物多样性披露之间的关系：国际分析

目的本研究探讨了以碳排放和废物产生量衡量的公司层面气候变化风险与生物多样性披露水平之间的关系。设计/方法/途径我们的研究以 2009 年至 2021 年的国际样本为基础，采用面板回归模型来评估气候变化风险对生物多样性披露的影响。我们还进行了一系列敏感性分析，包括额外的代理变量、内生性测试和替代样本，以检验我们推论的稳健性。研究结果我们发现，碳排放和废物产生水平较高的公司往往会披露大量生物多样性信息。此外，我们还提供证据表明，碳排放（范围 1 和 2）和废物（有害和无害）产生量的分类成分与生物多样性信息披露呈正相关。我们的结果还显示，气候变化风险对生物多样性信息披露的影响对于环境敏感行业的公司更为强烈。最后，我们的研究结果表明，气候和生物多样性保护法规似乎能有效限制企业的合法化努力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Accounting Literature BUSINESS, FINANCE-

CiteScore

6.50

自引率

0.00%

发文量

期刊介绍： The objective of the Journal is to publish papers that make a fundamental and substantial contribution to the understanding of accounting phenomena. To this end, the Journal intends to publish papers that (1) synthesize an area of research in a concise and rigorous manner to assist academics and others to gain knowledge and appreciation of diverse research areas or (2) present high quality, multi-method, original research on a broad range of topics relevant to accounting, auditing and taxation. Topical coverage is broad and inclusive covering virtually all aspects of accounting. Consistent with the historical mission of the Journal, it is expected that the lead article of each issue will be a synthesis article on an important research topic. Other manuscripts to be included in a given issue will be a mix of synthesis and original research papers. In addition to traditional research topics and methods, we actively solicit manuscripts of the including, but not limited to, the following: • meta-analyses • field studies • critiques of papers published in other journals • emerging developments in accounting theory • commentaries on current issues • innovative experimental research with strong grounding in cognitive, social or anthropological sciences • creative archival analyses using non-standard methodologies or data sources with strong grounding in various social sciences • book reviews • "idea" papers that don''t fit into other established categories.