New trends in corporate reporting: Information on carbon footprint in Spain

New trends in corporate reporting: Information on carbon footprint in Spain

Blog Article

In accordance with the Kyoto Protocol, Spain has created a National Carbon Footprint Registry by Royal Decree 163/2014.This constitutes a pioneering initiative to help Spanish companies give visibility to their efforts in reducing their emissions of greenhouse gases (GHGs).Hence, this paper explores the motivation of Spanish companies to 5 Door Fridge register their carbon footprints with a higher degree of scope.We identify the characteristics of the first Shocks Spanish companies that registered their carbon footprint through a logistic regression model (logit).The study concludes that organizations are more likely to register a higher scope if they do not belong to the manufacturing sector, if they are relatively new, and have a culture of environmental transparency.