Orazalin, Nurlan S and Ntim, Collins G and Malagila, John Kalimilo (2024) Understanding the relation between climate change risks and biodiversity disclosures: An international analysis. Journal of Accounting Literature, ahead- (ahead-). DOI https://doi.org/10.1108/JAL-04-2024-0072
Orazalin, Nurlan S and Ntim, Collins G and Malagila, John Kalimilo (2024) Understanding the relation between climate change risks and biodiversity disclosures: An international analysis. Journal of Accounting Literature, ahead- (ahead-). DOI https://doi.org/10.1108/JAL-04-2024-0072
Orazalin, Nurlan S and Ntim, Collins G and Malagila, John Kalimilo (2024) Understanding the relation between climate change risks and biodiversity disclosures: An international analysis. Journal of Accounting Literature, ahead- (ahead-). DOI https://doi.org/10.1108/JAL-04-2024-0072
Abstract
This study explores the relation between firm-level climate change risks, measured by carbon emissions and waste generation, and the level of biodiversity disclosures. Drawing 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. We 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. Consistent 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.
Item Type: | Article |
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Additional Information: | The Author Accepted Manuscript (AAM) is deposited under the Creative Commons Attribution Non-commercial International Licence 4.0 (CC BY-NC 4.0). Any reuse is allowed in accordance with the terms outlined by the licence. |
Uncontrolled Keywords: | Biodiversity disclosures; Carbon emissions; Climate change risks; Cross-country; Sustainable development; Waste generation |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 04 Jul 2024 16:02 |
Last Modified: | 29 Jul 2024 15:02 |
URI: | http://repository.essex.ac.uk/id/eprint/38715 |
Available files
Filename: Author Accepted Manuscript _04-07-2024.pdf
Licence: Creative Commons: Attribution-Noncommercial 4.0
Embargo Date: 1 January 2100