Institutional Investor Influence on Global Climate Change Disclosure Practices

32 Pages Posted: 14 Feb 2011

See all articles by Julie Cotter

Julie Cotter

University of Southern Queensland

Muftah Mohamed Najah

University of Southern Queensland - Australian Centre for Sustainable Business and Development (ACSBD)

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Date Written: February 12, 2011

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.

Keywords: climate change disclosure, institutional investors, stakeholder engagement

JEL Classification: M41, G23, Q54

Suggested Citation

Cotter, Julie and Najah, Muftah Mohamed, Institutional Investor Influence on Global Climate Change Disclosure Practices (February 12, 2011). Available at SSRN: https://ssrn.com/abstract=1760633 or http://dx.doi.org/10.2139/ssrn.1760633

Julie Cotter (Contact Author)

University of Southern Queensland ( email )

Australian Centre for Sustainable Business and Dev
Toowoomba, 4350
Australia
+61 7 4631 2916 (Phone)
+61 7 4631 1770 (Fax)

HOME PAGE: http://www.usq.edu.au/users/cotter/

Muftah Mohamed Najah

University of Southern Queensland - Australian Centre for Sustainable Business and Development (ACSBD) ( email )

Toowoomba, 4350
Australia

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