Institutional investor influence on global climate change disclosure practices

Article

Cotter, Julie and Najah, Muftah M.. 2012. "Institutional investor influence on global climate change disclosure practices." Australian Journal of Management. 37 (2), pp. 169-187. https://doi.org/10.1177/0312896211423945
Article Title

Institutional investor influence on global climate change disclosure practices

ERA Journal ID19154
Article CategoryArticle
AuthorsCotter, Julie (Author) and Najah, Muftah M. (Author)
Journal TitleAustralian Journal of Management
Journal Citation37 (2), pp. 169-187
Number of Pages19
Year2012
Place of PublicationLondon, United Kingdom
ISSN0312-8962
1327-2020
Digital Object Identifier (DOI)https://doi.org/10.1177/0312896211423945
Web Address (URL)http://aum.sagepub.com/content/37/2/169
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 that 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.

Keywordsclimate change disclosure; institutional investors; stakeholder engagement
ANZSRC Field of Research 2020500102. Business ethics
350799. Strategy, management and organisational behaviour not elsewhere classified
350107. Sustainability accounting and reporting
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Byline AffiliationsSchool of Accounting, Economics and Finance
Australian Centre for Sustainable Business and Development
Institution of OriginUniversity of Southern Queensland
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