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Information Disclosure Strategy for Enhancing Corporate Environmental Management

Information Disclosure Strategy for Enhancing Corporate Environmental Management. Dr. Xianbing LIU Senior Policy Researcher Kansai Research Centre, IGES. Target Countries of CEM Project at KRC (FY2007-2009).

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Information Disclosure Strategy for Enhancing Corporate Environmental Management

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  1. Information Disclosure Strategy for Enhancing Corporate Environmental Management Dr. Xianbing LIU Senior Policy Researcher Kansai Research Centre, IGES

  2. Target Countries of CEM Project at KRC (FY2007-2009) Project Title:Proactive Policies and Business Strategies for Strengthening Corporate Environmental Management in Developing Asia Economic Growth (Source: IMF) 2006 2007 Projections Actual Prev New Japan 2.2% USA 3.3% Euro-zone 2.8% World 5.5% China 11.1% India 9.7% Thailand 4.2% 0 2 4 6 8 10 Environmental Performance Japan 81.9 China 56.2 India 47.7 Thailand 66.8(Source: Yale) ISAP2010, Yokohama, Japan

  3. Overall Policy Frame for Enhancing CEM Focused by our CEM project ISAP2010, Yokohama, Japan

  4. Components of CEM Project at KRC/IGES Objectives: ✓ Overview CEM practices in three target countries (China, Thai & India); ✓ Examine strategies enhancing proactive CEM efforts. Discussed in this presentation ISAP2010, Yokohama, Japan

  5. Research Outputs of EID Part ISAP2010, Yokohama, Japan

  6. Functions of EID Strategy Process & disclose environ. information make the companies to be self-critical of its environ. performances Firms anticipate the reactions of information recipients and alter their activities Quantity and quality of information Pressures due to actual reactions of information recipients Interventions: 1. No action; 2. Market pressure; 3. Complain to the government; 4. Both 2 anｄ 3. ISAP2010, Yokohama, Japan

  7. Voluntary EID in China Number of companies with environ. reports (As of Apr., 2007) Source: www.syntao.com Highly motivated by social factors Very limited number of leading State-owned companies Factors of voluntary EID Source: (Guo, et al., 2007) ISAP2010, Yokohama, Japan

  8. Voluntary EID of Indian Companies Environ. information on the web or annual report of 147 most valuable companies from 23 sectors was qualitatively monitored(Source: Indian CEM report) Observations: ◈Higher EID level of manufacturing sectors than service sectors; ◈ Private companied are active in EID than the public ones; ◈ Unable to judge the information quantity and quality as just data of occurrence frequency; ◈ Marginal voluntary EID in India. ISAP2010, Yokohama, Japan

  9. Criteria of Mandatory EID Program in China Pilot projects in Jiangsu and Inner Mongolia Can not comply with emission standards Shortage in daily CEM Proactive CEM Good CEM As of June, 2008, 16,464 companies participated in the program in Jiangsu ISAP2010, Yokohama, Japan

  10. Behavioral Changes of Participating Firms 70% shared by top three sectors Distribution of program participating firms (Sourced from local EPB) Promoted: 51 Maintained: 56% Changes of rating results of 2005 and 2006 (Sourced from local EPB) Demoted: 38 ISAP2010, Yokohama, Japan

  11. Monitored Functions of EID Program A moderate response anticipated by the firms for environ. bureaus The firms do not think the other stakeholders would seriously react Moderate Due to green credit Policy ? Weak Moderate Help the firms be clearer of environ. compliance status and performance improvement ISAP2010, Yokohama, Japan

  12. Major Findings and Policy Implications • Marginal level of voluntary EID in India and China; • The statistical summary shows the efforts of mandatory EID program participating companies; • The worse environmental performers would more likely improve their environmental performances; • Lack of CEM capacity and poor daily environmental maintenance are problems for worse rated companies; • Interviews confirm a major objective of CEM in China to be compliance of regulations; • The EID program has generated less pressures from external stakeholders other than the government for enhancing CEM; • EID strategy could work effectively in combination with other policy tools; • Due to the sensitivity of firms to market stakeholders, further efforts shall be made to provide the market actors with easier access to environmental information of companies. ISAP2010, Yokohama, Japan

  13. Thank you for your attention! Contacts: Xianbing LIU KRC/IGES Tel: +81-78-262-6634 Fax: +81-78-262-6635 E-mal: liu@iges.or.jp URL: http://www.iges.or.jp ISAP2010, Yokohama, Japan

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