Why do shareholders require corporate environmental disclosure?
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | Why do shareholders require corporate environmental disclosure? | |
| Creator | de Villiers, Charl van Staden, Chris | |
| Description | We do a survey of individual shareholders' corporate environmental disclosure needs. We find that South African shareholders require companies to disclose the following specific environmental information: Environmental risks and impacts, Environmental policy, Measurable environmental targets, Performance against targets, Environmental costs disclosed separately, and An independent environmental audit report.Shareholders prefer this information in a separate section of the annual report and on company websites. Shareholders want such disclosure to be prescribed by law and/or stock exchange rules. The most popular reason why they want environmental information disclosed, is to hold companies accountable for their environmental stewardship. A high percentage of shareholders also indicate that they want disclosure, because they are concerned about climate change. These findings imply that legislators and standard setters may have to consider changing disclosure laws and standards. | |
| Publisher | AOSIS Publishing | |
| Date | 2010-12-01 | |
| Identifier | 10.4102/sajems.v13i4.99 | |
| Source | South African Journal of Economic and Management Sciences; Vol 13, No 4 (2010); 437-446 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/99/17
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