This paper analyzes the extensive and intensive margins of participation in the Carbon Disclosure Project by the Global 500. Empirical results based on the Double Hurdle model suggest that the existence of a senior manager with direct responsibility for climate change is associated with higher...

In recent decades, businesses have participated in transnational climate governance (TCG) to share information, promote market mechanisms, and to set carbon emission reduction targets. This paper focuses on the Global 500, which are the world’s largest companies by revenue, to examine the...