Influence of Ownership Structure on Climate Change Reporting

Abstract

The aim of this study is to discover the influence of ownership structure on climate change reporting in the listed flue and power industry companies of Bangladesh. We try to find out which ownership category has positive impact on climate related disclosure. Here through this study, we can discover that director ownership and foreign ownership have positive relationship with climate related reporting whereas government , institutional, and public has negative influence. The findings help companies to improve their strategies that contribute to addressing the challenges imposed by climate change as stakeholders increasingly demand accountability regarding environmental impacts. We utilize statistical tools like spss to test data to find out the impact on climate change reporting. Botosan's (1997) methodology used disclosure index that constructed into three steps. Information collected from secondary sources like companies audited annual reports and websites. The implications of this study will help corporate leaders, and policy makers in understanding to understand the importance of climate reporting and disclosures by identifying factors that could be linked with the performance of the company and the economy. The results suggest especially for institutional and public entities there is a need for regulations that prompt better reporting practices to ensure that climate issues are prioritized within corporate governance frameworks. The limitation of this study is insufficient sector information that we could not gather during our studies. As there are more sectors where this study would be relevant for further studies while considering more historical data that could have been utilized if more time had been allocated to the study.