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313961

The Impact of Climate Change Disclosure in Light of GRI-G4 on Improving Financial Performance of Companies Listed on EGX 30

Article

Last updated: 05 Jan 2025

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المحاسبة المالية

Abstract

Abstract
The purpose of this paper is to identify the impact of disclosure of climate change in light of Global Reporting Initiative (GRI-G4) on improving the financial performance of companies listed on EGX 30.  Empirical study was conducted on a sample of companies listed on EGX 30. The authors relied on the content analysis of the sustainability reports of the companies under investigation during the period from 2018 to 2020 to test the hypotheses of the study related to the presence of a significant impact of disclosing climate changes in light of GRI-G4 and financial performance of companies listed on EGX 30.  The results indicated that there is a significant impact of the disclosure of climate change light of GRI-G4 on the financial performance of the companies under study, represented by return on assets (ROA) and return on equity (ROE). The authors recommended that the Financial Regulatory Authority and the Egyptian Stock Exchange should implement a number of strict procedures to limiting greenhouse gas (GHG) emissions and requiring companies listed on the stock exchange to disclose climate change in their sustainability reports in order to reduce climate change at various stages.

DOI

10.21608/ajss.2023.227333.1003

Keywords

Greenhouse Gas (GHG), Return on assets (ROA), return on equity (ROE), Global Reporting Initiative (GRI-G4)

Authors

First Name

Ahmad

Last Name

Abdel-Salam Abu-Musa

MiddleName

-

Affiliation

Professor of Accounting Information Systems, Tanta University, Egypt

Email

-

City

-

Orcid

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First Name

Marwa

Last Name

Ahmed Abdulrahman

MiddleName

-

Affiliation

Assistant Professor of Accounting & Auditing, Faculty of Commerce, University of Sadat City, Egypt

Email

-

City

-

Orcid

-

First Name

Eslam

Last Name

Mohamed Refat

MiddleName

-

Affiliation

Demonstrator in Accounting & Auditing Department, Faculty of Commerce, University of Sadat City, Egypt

Email

dreslamrefat@gmail.com

City

Sadat

Orcid

-

Volume

2

Article Issue

1

Related Issue

43048

Issue Date

2024-01-01

Receive Date

2023-08-05

Publish Date

2024-01-01

Page Start

1

Page End

20

Print ISSN

2974-3524

Online ISSN

2974-3532

Article File

AJSS_Volume 2_Issue 1_Pages 1-20.pdf

PDF . 2.1MB

Link

https://ajss.journals.ekb.eg/article_313961.html

Detail API

https://ajss.journals.ekb.eg/service?article_code=313961

Order

313,961

Type

بحوث ميدانية

Type Code

2,733

Publication Type

Journal

Publication Title

المجلة الأكاديمية للعلوم الإجتماعية

Publication Link

https://ajss.journals.ekb.eg/

MainTitle

The Impact of Climate Change Disclosure in Light of GRI-G4 on Improving Financial Performance of Companies Listed on EGX 30

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Type

Article

Created At

18 Dec 2024