CSR committees and the voluntary disclosures of climate change information in France

Develay, Etienne ORCID: https://orcid.org/0000-0003-4396-841X and James, Emmanuel (2024) CSR committees and the voluntary disclosures of climate change information in France. Finance Research Letters, 69 (Part B). 106241. ISSN 1544-6123

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Abstract

This study examines the effect of CSR committees on voluntary climate change disclosures. Using a sample of SBF 120 listed companies from 2018 to 2022, we find that the presence of CSR committees increases the disclosure of opportunities and forward-looking information on climate change. Additionally, we find that these results are mostly driven by the size of CSR committees. Our results suggest that CSR committees encourage voluntary climate change disclosures due to the informational and economic gains of having an expert sub-board committee responsible for overseeing environmental matters.