This paper examines the impact of corporate governance mechanisms on Environmental Social and Governance (ESG) disclosure in the utilities sector. We collected data from the Eikon Refinitiv database on 265 worldwide organisations operating in the utility sector during the 2011–2019 period. Findings evidence that board independence and the existence of a specific Corporate Social Responsibility (CSR)/sustainability committee constitute positive drivers of utilities’ overall ESG disclosure levels. Also, board size positively influences environmental and social disclosure. The study would encourage utilities to define their internal corporate governance mechanisms carefully, devoting primary attention to an accurate selection of the board of directors members.
Worldwide evidence of corporate governance influence on ESG disclosure in the utilities sector
Nicolo, Giuseppe
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2023-01-01
Abstract
This paper examines the impact of corporate governance mechanisms on Environmental Social and Governance (ESG) disclosure in the utilities sector. We collected data from the Eikon Refinitiv database on 265 worldwide organisations operating in the utility sector during the 2011–2019 period. Findings evidence that board independence and the existence of a specific Corporate Social Responsibility (CSR)/sustainability committee constitute positive drivers of utilities’ overall ESG disclosure levels. Also, board size positively influences environmental and social disclosure. The study would encourage utilities to define their internal corporate governance mechanisms carefully, devoting primary attention to an accurate selection of the board of directors members.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
