The Impact of Environmental Information Disclosure on Corporate Performance in Building Material Industry

Hong Wang, Xinyuan Bao and Yidan Wang

Chapter 10 in The Complexities of Sustainability, 2022, pp 299-321 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In the trend of green and low-carbon economy, environmental information disclosure is an effective measure to deal with global climate change and to promote environmental protection. In 2020, China officially put forward the strategic goal of achieving peak carbon dioxide emission by 2030 and achieving carbon neutrality by 2060. In order to form new market competitiveness under these two goals of carbon emission control, companies should actively respond to policies, consciously fulfil their social responsibilities, and sort out and disclose their environmental information, so as to support and achieve decarburisation and environmental protection. We select the unbalanced panel data of A-share listed companies in building materials industry from 2015 to 2019 to empirically analyse the impact of environmental information disclosure on corporate performance in this industry. The results show that: (1) environmental information disclosure and corporate performance are significantly positively correlated at the 1% level; so, improving the quality of environmental information disclosure can effectively boost corporate performance; (2) the effect of the nature of equity on the correlation between environmental information disclosure and corporate performance is very different: the environmental information disclosure of state-owned enterprises has a significant positive effect on corporate performance at the 5% level, while that of non-state-owned enterprises are not significant at all. The purpose of this research is to guide companies in building materials industry to fulfil their environmental responsibilities, actively disclose environmental information, improve the quality of green and low-carbon development, and strive to achieve a positive interaction between sustainable economic and environmental protection. We choose the building materials industry as the object and hope our research can enrich relevant literature in the field of environmental information disclosure, help companies change their traditional concepts, promote the implementation of environmental protection work, enhance their competitive advantages, and make positive contributions to ecological civilisation construction.

Keywords: Sustainability; Sustainable Development; Corporate Social Responsibility; Corporate Governance; Pandemic; Science; Technology; Innovation; Organisation; Society; Accounting; Government; Multinational; Reporting; Sustainable Development Goals (SDGs); Higher Education; Universities; Environment; Corporate Performance; Management; Disclosure (search for similar items in EconPapers)
JEL-codes: G34 L26 M14 Q01 Q56 (search for similar items in EconPapers)
Date: 2022
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