GX & Decarbonization Research

Petya Petrova

This study proposes an ESG Proxy Mapping Approach that uses financial statement indicators as an additional screening source for ESG risk exposures, addressing information asymmetry and greenwashing concerns in sustainability disclosure. An…

F. Fathihani, Ainun Jariah, I. Sari +1

Using 108 firm-year observations from Indonesian carbon-intensive energy firms (2022–2025), this panel regression study finds carbon emission disclosure significantly raises firm value (Tobin's Q), while green innovation has no significant …

Nafisatuz Zahwa, Arif Afendi, Mardhiyaturrositaningsih

Panel regression on 9 Indonesian Islamic commercial banks (2020–2024, 45 observations) tests how governance (GCG), green banking disclosure, and non-performing financing (NPF) affect ROA. GCG is positively significant, NPF negatively signif…

E. Endri, Aditya Kusuma Wardhana

Panel regression on 10 Indonesian listed energy firms (70 firm-year observations, 2019–2025) tests ESG disclosure, profitability, and firm size on firm value, with green innovation as moderator. Only profitability shows a significant positi…

Swati Singh, Subhasis Mandal, Ajmer Singh +4

A critical scoping review mapping how dairy sustainability indicators are built, applied and aggregated across farm, supply-chain, regional and state levels. Environmental indicators are most mature, but carbon footprints remain sensitive t…

Taha Almarayeh, Ahmad Saleem Tarawneh, Rehab Frehat

Using 2,940 firm-year observations from 205 listed firms in Brazil, Mexico, Chile and Colombia (2010–2025), this study examines how board gender diversity affects ESG disclosure. Board gender diversity has a positive and significant effect …

Shameem S

Using 2024 ESG data on Indian companies, this study examines the distribution of ESG risk scores and compares means across sectors. ANOVA confirms a statistically significant difference in mean ESG risk between sectors, suggesting sector ch…

Oğuz Şimşek, Serkan Çankaya

This study adds a country-specific ESG-sorted portfolio return spread to the Fama–French five-factor model to test firm-level excess returns across G7 markets, using Refinitiv data on 1,465 firms from 2010–2022. Market and size factors are …

Mey Nadetta Tarigan, Hasim As’ari, Ika Wulandari +1

This study examines whether environmental performance, green accounting implementation, and sustainability report disclosure affect firm value among 17 Indonesian mining firms (30 observations, 2022–2024). Multiple regression finds none of …

Tade Shakir Bidemi, Abdulwahab Nurudeen Olamilekan

Examines the 'sustainability paradox' in Nigerian manufacturing: how ESG reporting can decouple from actual shop-floor practice. No abstract is available, so methods and findings remain unverified. It raises the substantive question of whet…

John Echobu, Usman Audu Dinde, Mohammed Aliyu Yusuf

Using regression analysis of 43 listed non-financial, environmentally sensitive Nigerian firms (2014–2024), the study examines how board sustainability and risk management committees affect sustainability reporting. The sustainability commi…

Anisatun Humayrah Rais, Yulia Yunita Yusuf

Using 115 firm-year observations from Indonesian mining firms (2020–2024), this study tests how ESG disclosure affects firm value (PBV) and whether effective tax rate (ETR) mediates this relationship via PLS path analysis. ESG disclosure po…

Rizwana Khurshid, Ajaz Ul Islam, Neha Malik

Using Nifty 500 firms from 2015–2025, this study finds ESG disclosure positively affects ROE, ROA, and Tobin's Q. R&D intensity and technical know-how consistently strengthen the ESG–performance link, while patents show mixed effects—dampen…

Irwan Irawadi Barus, Adhar Putra Setiawan, Eri Kristanto

This study examines how tax transparency and ESG disclosure affect perceived firm value among Indonesian manufacturing firms, using a cross-sectional survey of 70 respondents analyzed via multiple regression. Both variables show significant…

Rayhan Putri Azzahra, Ali Jufri, Ernanto Ernanto

Panel regression on 12 Indonesian-listed mining companies (2020–2024) finds ESG disclosure positively affects firm value, but firm size weakens this effect. The study underscores ESG transparency as an investor consideration for valuation a…

FRANCISCO JAVIER LABARCA Trucios, Delgado Rodríguez, Sonia de Lucas Santos

Using a 63-firm panel from Spain and Chile (2010–2022) and fixed-effects regressions, this study tests whether aggregate ESG disclosure is associated with equity valuation. ESG is positively linked to valuation in Spain but weakly and unsta…

N. Ismail, Indarto Indarto, Rohmini Indah Lestari

Using 112 bank-quarter observations (2019–2025) from four Indonesian state-owned banks, this study applies PLS-SEM to test how Sustainable Finance Reports, ESG disclosure, and government ownership affect financial performance. SFR and owner…

REINDOLPH OSEI-ANIM

A harmonised firm-year dataset combining corporate governance and financial data from five Southeast Asian and five Latin American countries with ESG ratings, carbon reporting and World Bank governance indicators. The full panel holds 42,07…

Krishnashis Das, Subhrakamal Banerjee

This report quantitatively and qualitatively assesses Citigroup's FY2023 ESG performance using its official ESG Report, TCFD disclosure, Climate Report, and third-party ratings (MSCI, Sustainalytics, Refinitiv), synthesizing 26 original dat…

Mehmood A.

An empirical study examining how board characteristics (size, independence, diversity) relate to ESG disclosure levels among European firms. Though the abstract is unavailable, the work links corporate governance to sustainability disclosur…