Risk management committees as drivers of climate risk disclosure: insights from corporate sustainability practices
気候リスク開示の推進要因としてのリスク管理委員会：企業のサステナビリティ実践からの洞察 (AI 翻訳)
Luthfiah Fikri Aziizah, Iman Harymawan, Hamidah Dwi Nita
🤖 gxceed AI 要約
日本語
本研究は、インドネシア証券取引所上場企業を対象に、リスク管理委員会（RMC）の存在が気候リスク開示（CRD）に与える影響を2017年から2021年のデータで検証した。結果、RMCはCRDに有意な正の影響を与え、特に単独のサステナビリティ報告書を発行する企業、小規模企業、環境感受性の高い産業で顕著である。また、インドネシアの持続可能な金融義務（POJK No.51/2017）施行後にその関係は強まり、RMC委員長の経歴（経済・政治）によっても影響が異なる。TCFDフレームワークのリスク管理と指標・目標の柱で開示が促進される。
English
This study examines the impact of Risk Management Committees (RMC) on climate risk disclosure (CRD) among Indonesian listed firms from 2017 to 2021. Results show RMC presence significantly enhances CRD, especially in firms with standalone sustainability reports, small firms, and environmentally sensitive industries. The effect strengthened after Indonesia's sustainable finance mandate (POJK No.51/2017) and varies with RMC chair background. Disclosure improvements are notable in the Risk Management and Metrics & Targets pillars of the TCFD framework.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドネシアのPOJK規制を背景とした実証研究であり、日本ではSSBJ開示や有報での気候関連開示義務化が進む中、取締役会レベルのガバナンス（リスク管理委員会）が開示の質に与える影響を示す点で示唆に富む。日本の企業統治コードやサステナビリティ報告の実務に参考となる。
In the global GX context
This study provides empirical evidence from an emerging market on how board-level governance mechanisms (RMC) drive climate risk disclosure, aligning with global trends under TCFD and ISSB. It highlights the role of regulatory mandates (POJK) in strengthening the governance-disclosure link, offering insights for global disclosure scholarship and practice.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the governance determinants of climate risk disclosure, useful for extending research to other contexts.
🏢実務担当者:Highlights the importance of establishing a risk management committee to enhance climate-related disclosures, which can improve stakeholder trust and compliance.
🏛政策担当者:Demonstrates that regulatory mandates (like POJK) can strengthen the positive impact of governance structures on climate disclosure, informing policy design.
📄 Abstract（原文）
Purpose This study aims to explore the relationship between the Risk Management Committee (RMC) and Climate Risk Disclosure (CRD). Specifically, it investigates how the presence of a RMC influences the disclosure of climate-related risks among companies listed on the Indonesia Stock Exchange (IDX) during the period from 2017 to 2021. Design/methodology/approach The final sample for this research includes 432 observations from the IDX, excluding those classified under SIC code 6. The study employs multiple linear regression analysis, along with robustness checks and additional analyses using STATA 16.0, to examine the relationship between the RMC and CRD. Findings The results indicate that the RMC has a significant positive impact on climate risk disclosure, especially in firms that issue stand-alone sustainability reports, small firms and environmentally sensitive industries. The relationship became more pronounced after the implementation of Indonesia’s sustainable finance mandate (POJK No. 51 / 2017). Furthermore, this relationship is stronger in firms led by RMC chairs with an economic or political background. Notably, RMC presence is particularly associated with greater disclosure in the Risk Management and Metrics & Targets pillars of the Task Force on Climate-related Financial Disclosures framework. Originality/value This research contributes to existing literature by providing empirical evidence regarding the role of RMC in enhancing climate risk disclosure. It offers valuable insights for companies looking to improve governance practices and support adaptation and mitigation strategies through relevant policies.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.1108/par-11-2024-0304first seen 2026-08-16 06:03:16
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