Energy-related Contextual Determinants of Climate Change Reported to the CDP: Evidence From BRICS Nations

Abstract

We investigate country-specific energy-related contextual determinants that influence companies in BRICS nations (Brazil, Russia, India, China, and South Africa) to participate in and disclose climate change information to the Carbon Disclosure Project (CDP). We find that the Paris Climate Agreement and country-level carbon emissions influence CDP reporting and disclosure scores. National legislations do not influence the reporting status, but they influence higher-level disclosure. Our study supports institutional theory.