The Quality of Disclosures on Environmental Policy: The Profile of Financial Intermediaries

In: Corporate social responsibility and environmental management, Band 23, Heft 5, S. 283-296

Abstract

ABSTRACTThis study investigates the quality of voluntary disclosures on environmental policy by financial intermediaries (FIs), analyzing the Global Reporting Initiative's data. Through k‐means cluster analysis, four segments of FIs are identified. Our results show a heterogeneous reality. The quality of disclosures is associated to the FIs' attributes and the home country's characteristics: FIs' size and operating profitability, national economic wealth, and national environmental performance. No association is found with the FIs' business area or their quotation on the stock market. The FIs' relevance for their domestic economy is not significant either. Copyright © 2015 John Wiley & Sons, Ltd and ERP Environment.