Abstract
We analyze how board characteristics affect a company's carbon emissions besides further firm -related and cultural variables, using data on over 6,000 companies located in 46 countries for the period 2009-2019. We identify the boards that are more skilled or have a higher share of female members to emit a lower amount of greenhouse gases. Surprisingly, high CSR board efforts show higher carbon ...
Abstract
We analyze how board characteristics affect a company's carbon emissions besides further firm -related and cultural variables, using data on over 6,000 companies located in 46 countries for the period 2009-2019. We identify the boards that are more skilled or have a higher share of female members to emit a lower amount of greenhouse gases. Surprisingly, high CSR board efforts show higher carbon emissions. We observe that the importance of time varying effects within a company changed as a consequence of the Paris Agreement in 2015.
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