公司治理机制是否有助于减少碳排放？法国、德国、英国和日本上市公司的实证研究

IF 12.5 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2025-05-26 DOI:10.1002/bse.4332

Cécile Cezanne, Gaye Del Lo, Yves Kassi, Sandra Rigot

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引用次数: 0

摘要

气候变化是当今人类面临的最大挑战之一。本文通过公司治理模式分析了企业在减缓气候变化中的作用。研究了关键组织控制和激励机制对企业碳排放强度的影响。通过对2015-2021年期间法国、德国、英国和日本305家上市公司的调查，我们发现董事会性别多样性在减少公司直接和间接碳排放方面发挥着至关重要的作用。此外，可持续发展委员会的存在可以成为限制温室气体直接排放的有效安排。然而，我们的研究没有发现董事会规模、董事会独立性和基于最高可持续性的高管薪酬的显著证据。我们的研究结果因高排放部门或低排放部门而异。基于这些结果，我们提出了一些有助于提高企业气候绩效的管理和政策建议。

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Do Corporate Governance Mechanisms Help to Reduce Carbon Emissions? Some Empirical Evidence on Listed Companies in France, Germany, the United Kingdom, and Japan

Climate change is one of the greatest challenges facing humanity today. In this paper, we analyze the role of firms in mitigating climate change through their model of corporate governance. We examine the impact of key organizational control and incentive mechanisms on firms' carbon emission intensity. Using a panel of 305 listed firms in France, Germany, the United Kingdom, and Japan over the period 2015–2021, we show that board gender diversity plays a crucial role in reducing both firms' direct and indirect carbon emissions. Moreover, the presence of a sustainability committee can be an effective arrangement to limit direct GHG emissions. However, our study finds no significant evidence for the variables of board size, board independence, and top sustainability‐based executive compensation. Our findings vary depending on the high‐ or low‐emission sector. Based on these results, we propose several managerial and policy implications that can help improve corporate climate performance.

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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.