Impact of climate disclosure on firm’s financial performance

Abstract

India is a genuine and developing player in the worldwide carbon credits showcase. This has instigated and incited the originator, dealer and designer of carbon credits, to set up their workplaces in India. Presently a day's carbon credit is rising area particularly in India however there are not very many corporate who know about this rising section of credits. The present study comprises a sample of 56 Indian firms, which report their climate change data on Carbon Disclosure Project during 2015 to 2020. Carbon Disclosure Project is a not-for-benefit organisation that runs the worldwide disclosure framework for investors, companies, urban communities, states and districts to deal with their environmental effects. Out of these 56 firms, 9 firms were from financial sector, the business exercises of financial firms vary from different firms like manufacturing, Materials, Utilities and industrial firms, so this study excluded financial firms and 3 firms were not available Capitaline database. After excluding financial firms and companies whose data were not found, the scope of this study is limited to 44 firms.