We examine whether a disclosure mandate for greenhouse gas emissions creates stakeholder pressure for firms to subsequently reduce their emissions. For UK-incorporated listed firms such a mandate was adopted in 2013. Using a difference-in-differences design, we find that firms affected by the...

Currently, the European Commission intends to increase the EU’s 2030 climate target. Instead of a 40 percent target, greenhouse gas emissions would be reduced by 50 to 55 percent compared to 1990 levels; the European Parliament is even considering a 65-percent reduction. The European Emissions...

Aktuell wird eine Anhebung des europäischen Klimaschutzziels für das Jahr 2030 diskutiert. Anstatt um 40 Prozent sollen die Treibhausgas-Emissionen bis 2030 laut Vorschlag der EU-Kommission um 50 bis 55 Prozent im Vergleich zu 1990 sinken. Im Europäischen Parlament wird sogar eine Minderung...

We examine how mandatory disclosure of greenhouse gas (GHG) emissions influences companies' emission levels. We identify the effect of full transparency by exploiting a mandate requiring UK-incorporated listed companies to disclose information on GHG emissions in their annual reports. Comparing...