Institutional investor influence on global climate change disclosure practices

Julie Cotter and Muftah M Najah
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Julie Cotter: Australian Centre for Sustainable Business and Development, University of Southern Queensland, Toowoomba, Australia
Muftah M Najah: Australian Centre for Sustainable Business and Development, University of Southern Queensland, Toowoomba, Australia

Australian Journal of Management, 2012, vol. 37, issue 2, 169-187

Abstract: Using a stakeholder engagement perspective, we investigate the collective influence of institutional investors on a comprehensive set of climate change disclosures for a global sample of large companies. The proposition tested in this paper is that the influence of these powerful stakeholders is positively associated with climate change disclosure via corporate communications channels. We find the extent and quality of climate change disclosures to be associated with three indicators of corporate responsiveness to institutional investor expectations about the disclosure of this information. These are completion and publication of the Carbon Disclosure Project (CDP) questionnaire on CDP’s website, indications in corporate communications that CDP activities have influenced climate change disclosures, and the extent and quality of climate change information provided in CDP questionnaire responses.

Keywords: climate change disclosure; institutional investors; stakeholder engagement (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:37:y:2012:i:2:p:169-187

DOI: 10.1177/0312896211423945

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