Board attributes and environmental disclosure: What is the nexus in liberal economies?

• Autor(a) principal: Pinheiro, Alan Bandeira
• Data de Publicação: 2023
• Outros Autores: Oliveira, Marcelle Colares, de Freitas, George Alberto, García, María Belén Lozano
• Tipo de documento: Artigo
• Idioma: por; eng
• Título da fonte: Revista de Administração de Empresas
• Texto Completo: https://periodicos.fgv.br/rae/article/view/89712
• topic: corporate governance; environmental disclosure; corporate social responsibility; liberal economies; board attributes; governança corporativa; divulgação ambiental; responsabilidade social corporativa; economias liberais; atributos do conselho; gobierno corporativo; divulgación ambiental; responsabilidad social corporativa; economías liberales; atributos del consejo de administración

Our study investigates the impact of the board of directors’ attributes on companies’ environmental disclosure. The sample comprised 1,037 companies from Australia, Canada, Ireland, New Zealand, the United Kingdom, and the United States between 2015 and 2018. The results reveal that the percentage of independent auditors, board size, and the presence of the sustainability committee positively influence environmental disclosure. Our findings show that greater diversity on the board is an important factor for companies to disclose more information on their emissions. We conclude that companies should pay greater attention to the characteristics of their boards of directors, as this determines their engagement in environmental issues. This research presents an environmental disclosure index that is less susceptible to greenwashing. The results also bring contributions to the resource dependence theory and agency theory.