Assessing the Impact of Board Sustainability Committees on Greenhouse Gas Performance: Evidence From Industrialised European Countries

IF 12.5 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2024-12-27 DOI:10.1002/bse.4073

Emmanuel A. Morrison, Douglas A. Adu, Guo Yongsheng, Danson Kimani, Vida Y. Saa

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Abstract

This study examines the impact of executive compensation (EC) and board sustainability integration index (BSII) on both greenhouse gas emissions (GHGE) and greenhouse gas management processes (GGMP). Additionally, it investigates the relationship between GGMP and GHGE to assess the effectiveness of process‐oriented measures in reducing actual emissions. Through the lens of legitimacy theory and incentive alignment theory, we harness an extensive dataset encompassing 15,876 firm‐year observations across 22 industrialised European countries from 2002 to 2022. First, the findings show that although EC positively correlates with enhanced GGMP, it has an insignificant effect on GHGE reduction. Second, the results suggest that although BSII independently bolster sustainability initiatives, the moderating effect of BSII on EC (EC*BSII) may lead to a legitimacy gap. This gap emerges when the relationship of EC and BSII falls short of societal expectations regarding environmental performance, potentially eroding organisational legitimacy. Third, the findings indicate that firms that engage in GGMP also tend to have higher levels of GHGE, pointing to the use of GGMP by firms as a means of symbolic legitimation.

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评估董事会可持续发展委员会对温室气体绩效的影响：来自工业化欧洲国家的证据

本研究考察了高管薪酬（EC）和董事会可持续性整合指数（BSII）对温室气体排放（GHGE）和温室气体管理过程（GGMP）的影响。此外，本文还研究了GGMP和GHGE之间的关系，以评估过程导向措施在减少实际排放方面的有效性。通过合法性理论和激励一致性理论的视角，我们利用了一个广泛的数据集，其中包括2002年至2022年22个工业化欧洲国家的15,876家公司的年度观察结果。首先，研究结果表明，虽然EC与GGMP的增强呈正相关，但对GHGE的减少作用不显著。第二，研究结果表明，尽管BSII独立地促进了可持续发展举措，但BSII对EC （EC*BSII）的调节作用可能导致合法性缺口。当欧共体和BSII的关系达不到社会对环境绩效的期望时，这种差距就会出现，这可能会侵蚀组织的合法性。第三，研究结果表明，从事GGMP的公司也倾向于拥有更高水平的温室气体排放，这表明公司将GGMP作为一种象征性的合法化手段。

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

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.