GX & Decarbonization Research

Anita Agustiani, Mulyanto Nugroho, Nekky Rahmiyati

This study examines the impact of ESG disclosure, green investment, and firm size on firm value through financial performance as a mediator in Indonesian LQ45 manufacturing companies (2019-2024). Results show that firm size positively affec…

F. Rauf

This paper examines how peer firms' ESG disclosure influences target firms' strategies in China. Digital transformation enhances responsiveness, while financial constraints increase imitation. An inverted U-shaped relationship exists betwee…

Tingting Wang, Qiyong Xiao, Jinli Wang +1

This paper investigates how ESG report design (visualization and length) affects corporate financing costs. Using a sample of Chinese listed firms from 2006-2024, they construct a visualization index based on color metrics. They find that v…

Oksana E. Gudkova, Yuliya Kostrova

This paper consolidates and structures the core theoretical models explaining how ESG factors influence the performance of public companies. It analyzes how each model reveals reasons for ESG disclosure and risk management approaches, recom…

V. Metelytsia, Vladislav Valentinov, Taras Gagalyuk

This study examines 'hidden ESG' in Ukrainian agriculture, where firms implement substantive sustainability practices but remain weakly visible in formal disclosure due to institutional fragility and conflict. Based on 53 interviews, it fin…

Ayse Hyusein, M. Seraj

This study examines the impact of ESG disclosure and green innovation on carbon emission efficiency (CEE) and firm valuation in energy-intensive and heavy-polluting industries. Using data from the London Stock Exchange Group Asset 4 Databas…

Asia Rahman Khan Lodhi, Humayoon Khan, Agha Qaleech Khan

This paper comparatively analyzes major ESG regulations including the EU CSRD, CSDDD, IFRS Sustainability Disclosure Standards, and California climate disclosure laws, arguing that ESG regulation is transitioning from voluntary to mandatory…

Галина Уманців

This paper examines the transformation of ESG reporting for concessionaires (long-term infrastructure operators) from voluntary sustainability narratives to regulated, investor-oriented disclosure. It highlights the role of ESRS double mate…

Tomy Rizky Izzalqurny, Tatas Ridho Nugroho, Adrian Hartanto Darma Sanputra +1

This systematic literature review examines sustainability reporting (SR) practices among technology companies in ASEAN, synthesizing 11 peer-reviewed articles from 2015-2025. Findings reveal fragmented and mostly voluntary SR adoption with …

Alva Marasigan, M. Houqe, Warwick J. Stent +1

This study examines drivers of sustainability reporting quality (QSR) in the electricity sector using two dimensions: relevance and reliability. Using S&P Global Top 250 data, it finds that sustainability performance, GRI adoption, and inst…

Nur Wahyu Ningsih, Einde Evana, Sudrajat Sudrajat

This systematic review examines how accounting practices affect sustainability reporting in universities, analyzing internal factors (size, age, internationalization) and external factors (regulatory pressure, societal expectations, media).…

Sri Widiyati, Wiwik Tiswiyanti, R. Kusumastuti +1

This study examines ESG risk scores and financial performance of healthcare companies listed on the Indonesia Stock Exchange from 2020-2024. Using a sample of 7 companies (35 observations), it finds significant variation in ESG risk managem…

Richard Sanjaya, Diana Frederica

This study examines factors influencing sustainability index disclosure among non-cyclical firms in Indonesia. Results show that management commitment and institutional ownership positively affect disclosure, while green accounting has no s…

Giuseppe Modaffari, Martina Manzo, Veronica Procacci +1

This study analyzes 17 sustainability reports from 2023 by Italian SMEs listed on Euronext Growth Milan, focusing on SDG disclosure. Findings show most adopt symbolic approaches, neglecting double materiality and assurance. It highlights th…

Zhongbin Tong, N. H. Bajuri

Analyzes the impact of ESG improvements on financing costs for 4,704 Chinese A-share listed firms from 2009-2023. Finds that ESG significantly reduces total financing cost and cost of debt, but not cost of equity. Recommends enhanced ESG di…

Mikael Valdheerian Barnix, Y. Januarsi, N. Soleha

This study examines the effect of ESG disclosure on financial sustainability using a sample of 275 Indonesian listed firms. Results show that ESG disclosure positively affects financial sustainability, but financial performance does not mod…

Buthiena Kharabsheh, Syed Mubarak Billah

This paper investigates the impact of ESG disclosure scores on bank stability and financial performance using panel data from 33 banks in the GCC region (2017-2024). Using generalized least squares and machine learning models, it finds that…

Putri Zahra Kirana, I. Awwaliyah, Ana Mufidah

This study analyzes the effect of ESG disclosure (Environmental, Social, Governance) on financial performance (ROA, ROE) for companies listed in the IDXESG index on the Indonesia Stock Exchange from 2019 to 2023. Results show that Environme…

C. Sharmila Rao, Aryan Arora, Siya Gherwal, Murad Ul Mustakeem, Yug Sanghvi

This study analyzes the impact of ESG framework adoption on financial performance (ROA, market volatility) using data from Indian Nifty 50 companies (2020-2025). It finds a statistically significant positive relationship between robust envi…

Ririn Irmadariyani, Yosefa Sayekti, I. Purnamawati +1

This study examines determinants of ESG disclosure and its impact on financial performance in Indonesian agroindustry and high-pollution sectors. ESG disclosure positively and significantly affects ROA, especially in high-pollution firms. F…