MGT723 Research Project PDF
Added on 2021-04-16
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MGT723 Research Project Assessment Task 1: Research ProposalStudent Name: XXXYour assigned research topic*: XXXDraft Research Question: XXXTitle: XXXSubmission Date: XXXAcknowledgement:I certify that I have carefully reviewed the university’s academic misconduct policy. I understand thatthe source of ideas must be referenced and that quotation marks and a reference are required whendirectly quoting anyone else’s words. *Unless otherwise approved by the course coordinator, all students will be considering the general issue of the Voluntary Disclosure of Environmental Performance.
Literature Review - SummaryClimatic change has been a major topic for discussion among different researchers in all overthe world. According to research, intermediate capital markets include various valuation modelswith social and governance data that disclose the GHG levels of the Carbon Disclosure Project (CDP)in the market. In context of carbon disclosures, managers of different companies have faced tradeoff benefits of the costs and participation in the disclosure of emission levels of the CDP annualsurvey. Kainiemi et al. (2015) argued that investors have penalized non-disclosing firms and haveinterpreted the absence of performance of environmental commitment in reducing emission ofGHG. The carbon emission levels from different firms in the country have negatively affected theenvironment. As commented by Bispo et al. (2017), based on the agency theory, directors andstakeholders are enhancing their disclosure transparency in the firm. A positive bonding betweenboard independence and disclosure level has been reported in the firm structure that have helped inmaintaining the disclosure property in the form. The non-financial model of the firm did not haveany clear relationship between directors and other sustain abilities disclosures. However, previousaccounting research has examined the link between the effectiveness of board committees amongthe disclosure practices. () argued by Kainiemi et al. (2015), board of directors plays a monitoringrole in maintaining the disclosure property among the stakeholders and directors.Kainiemi et al. (2015), argued that the board effectiveness during maintaining the managersneed to look after the stakeholders with their best interest. However, board effectiveness can becontingent upon the leadership structure. Previous literature have discussed about the problemsfaced by the stakeholders due to the carbon emission control. The main cause is the generation ofGHG emissions in the energy industry. Burning of fossil fuel for obtaining energy is the main causefor the emission of carbon materials in the atmosphere. The market for the carbon industries havebeen growing in the market. In parallel with the mandatory market for carbon certificates, thevoluntary market for carbon certificates is operating, giving the owner of one certificate the right tooffset one tonne of CO2e emission, the certificate was issued after a project for reducing emissionswith one tonne in atmosphere. However, the voluntary market has been beneficial for supportingthe research development projects. The emission of the carbon materials have been maintained bythe stakeholders of the firm in the industry. However, the governance has failed in order to mitigatethese problems in the market. As commented by Baker (2015), greenhouse effect has beenincreasing in a daily basis due to the global warming and pollution. Massive exploitation of carbon emission have resulted in the air pollution al over the word.The greenhouse effect has been depleting the ozone layer in the atmosphere. The protected areasincluding the biodiversity, geo diversity and conservation of ecosystem has been increasing thecapacity of GHG at national level. However, maintaining the biodiversity of protected areas.Sustainable development is a prior objective of the European Union has declared the developmentstrategy or 2020. The parliament have made a commitment for reducing GHG emissions by 20% by2020. However, 20% reduction in the carbon emission has been declared by 2020 (Schaltegger andBurritt 2017). The guideline for the development if the plan has been developed for mitigating thecomplexity in the carbon emission control department. The stakeholder management has been animportant part for the research that include the bonding between the managers and directors of thefirm The industry has been suffering from the carbon emission in the atmosphere dur it theexcessive burning of the coal and carbon materials. The use of the carbon particles for thegeneration of the energy in the energy sector has made a greater impact in the atmosphere. 2 | P a g e
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