CARBON DISCLOSURE: A SYSTEMATIC LITERATURE REVIEW OF DETERMINANTS

Abstract

This paper aims to review the status of literature on carbon disclosure to synthesise mounting literature to identify any gaps in current research to suggest areas for further study. A total of 54 articles from referred journals from 2016 to 2020 are reviewed using a systematic literature review method. The review suggests that determinant factors such as corporate governance, firms' characteristics, environmental performance, guidelines and regulations, socio-economic, management structures and practices, and stakeholders factors are important drivers of the disclosure of carbon information. Most of the studies on determinants of carbon disclosure focused on the developed countries environment, with most of the sample using data from the Carbon Disclosure Project (CDP). This paper contains a comprehensive listing of publications on carbon disclosure and its classification according to determinant factors. The paper will be useful to researchers, accounting professionals and others concerned with carbon disclosure and reporting to understand the importance of carbon disclosure and reporting.