Abstract
The importance of climate change and global warming has increased in the last few years. Most of carbon dioxide and other greenhouse gas emissions (GHG) are the primary cause of climate change that requires immediate action. The oil and gas industry accounts for 42 percent of global emissions. This study aims to highlight the greenhouse gas emissions disclosure in sustainability reports of ten oil & gas companies in Europe. Further, it aims to understand to what extent these companies disclose greenhouse gas emissions. Content analysis was used to determine the disclosure of emissions from sustainability reports available on company websites. The results show that oil & gas companies are in the early stages of the low-carbon emission energy transitions and nine companies disclosed GHG information in their sustainability reports. In addition, three out of ten oil and gas companies disclosed that their emissions had increased as compared to last year while six companies have set a net zero goal for CO2 emissions. This study contributes to the current literature on GHG emissions disclosure of oil & gas companies providing further insights using institutional and stakeholder theories. The findings of the study are useful not only for regulators, policymakers, investors, and managers in reducing GHG emissions but also promoting and implementing the agenda of European Green Deal of climate neutrality by 2050.
Presenters
Khalid AbbasStudent, PhD Candidate, Department of Economics and Management, University of Pisa, Italy, Italy
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
Economic, Social, and Cultural Context
KEYWORDS
GHG Emissions, Sustainability Reporting, Oil and Gas Industry, Climate Change
