Abstract:
Focusing on the research topic of greenhouse gas information disclosure, the listed companies which were invited from 2011 to 2016 to respond to the CDP Carbon Disclosure Project questionnaire were used as the research samples to explore the impact of the ratio of independent directors and the ratio of female directors on the greenhouse gas emissions of Chinese companies by using Multiple Probability Ratio Regression Analysis Method. The results show that companies with a higher ratio of independent directors are more likely to respond to the CDP questionnaire and publicly disclose information on greenhouse gas emissions; the ratio of female directors or the number of female directors was not significantly related to whether the company publicly disclosed greenhouse gas emissions. In addition, this study found that both the independent director ratio and the female director ratio have a significant positive impact on the possibility of companies' disclosing information about risks and opportunities arising from climate change. The results of this study will help us understand the functions of women directors in China, and provide empirical data for understanding the factors influencing the disclosure of greenhouse gas information, which in turn will provide theoretical reference for stakeholders such as the board of directors, regulators, and the general public.