Enrichment : Journal of Management
Vol. 13 No. 3 (2023): August: Management Science And Field

Effects of carbon disclosure project on financial performance

Della Ramadhana (Universitas Airlangga, Indonesia)
Windijarto Windijarto (Universitas Airlangga, Indonesia)



Article Info

Publish Date
10 Aug 2023

Abstract

Companies that are aware of the environmental crisis will immediately take action to minimize environmental pollution risks and protect their reputation and image by disclosing information. This can reduce financial risks to a certain extent. This study aims to examine the impact of carbon disclosure projects on corporate financial performance. The methodological approach taken in this study used systematic literature research (SLR). Total of 24 articles were obtained that could be used in the systematic literature review . The Carbon Disclosure Project (CDP) can positively impact the company's financial performance in several aspects. The results indicate that environmental disclosure, including carbon disclosure, can attract investor interest, fulfill stakeholder demands, and reduce transaction costs. This can positively impact the company's stock market value, revenue, net income, and equity value. However, the relationship between carbon disclosure and financial performance may vary depending on contextual factors, such as industry, country, and specific disclosure practices.

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Journal Info

Abbrev

enrichment

Publisher

Subject

Economics, Econometrics & Finance

Description

The Enrichment : Journal of Management offers wide ranging and widespread analysis of all surfaces of management and science. Published two times per year, it delivers a emphasis for universal proficiency in the vital methods, techniques and areas of research; presents a opportunity for its readers ...