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Do board characteristics affect environmental performance? A study of EU firms
Author(s) -
García Martín C. José,
Herrero Begoña
Publication year - 2019
Publication title -
corporate social responsibility and environmental management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.519
H-Index - 73
eISSN - 1535-3966
pISSN - 1535-3958
DOI - 10.1002/csr.1775
Subject(s) - corporate social responsibility , business , sample (material) , gender diversity , diversity (politics) , sustainable development , affect (linguistics) , perspective (graphical) , resource (disambiguation) , accounting , social responsibility , corporate governance , public relations , finance , political science , computer network , linguistics , chemistry , philosophy , chromatography , artificial intelligence , computer science , law
Abstract This paper explores the relationship between board characteristics and environmental performance. We adopt a triple perspective of environmental performance, focussing on emissions (waste and CO 2 ), resource consumption (water and energy), and the implementation of environmental initiatives. The sample comprises 644 nonfinancial European Union–based companies. The data cover the period 2002 to 2017. The results confirm that gender diversity and the existence of a corporate social responsibility committee are positively associated with the firms' environmental performance. This finding is consistent with the view that the educational background, talent, and experience of women help promote sustainable environmental initiatives. The existence of a corporate social responsibility committee reflects a company's commitment to sustainable development.