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The impact of gender diversity on sustainability reporting: A test of concept and implications for portfolio construction


Daugaard, DW, The impact of gender diversity on sustainability reporting: A test of concept and implications for portfolio construction, Award, S&P Global Marketplace Hackathon - Pacific Region 2022, S&P Global Marketplace Hackathon, 1 piece abstract (2022) [Award]

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Gender diversity on corporate boards positively impacts environmental disclosures. In particular, a greater presence of women on boards results in greater disclosure of environmental and sustainability issues (Arayssi, Dah, & Jizi, 2016; Ben‐Amar & McIlkenny, 2015; Fernandez-Feijoo, Romero, & Ruiz, 2012; Rao, Tilt, & Lester, 2012). The focus of this analysis is on one of the industries with the most significant contribution to carbon emissions, the metals and mining industry. The results are therefore pertinent to the organisations which represent the most significant opportunities to improve on global carbon emissions. We demonstrate there is a positive relationship between board diversity and environmental impact disclosure. This justifies a positive reweighting of portfolios toward board diversity because it rewards companies making positive shifts towards transparency on environmental impact and potentially raises the cost of capital on companies not progressing their environmental reporting status. However, more rigorous analysis is required to support the preliminary analysis presented here and necessary extensions into timeseries panel analysis and treatment of likely endogeneity concerns.

Item Details

Item Type:Award
Keywords:sustainability, investment, CSR, SRI, ESG
Research Division:Commerce, Management, Tourism and Services
Research Group:Banking, finance and investment
Research Field:Environment and climate finance
Objective Division:Commercial Services and Tourism
Objective Group:Financial services
Objective Field:Finance services
UTAS Author:Daugaard, DW (Associate Professor Dan Daugaard)
ID Code:153153
Year Published:2022
Deposited By:Finance
Deposited On:2022-09-08
Last Modified:2023-01-06

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