EXAMINING ENVIRONMENTAL PERFORMANCE AS A MEDIATOR BETWEEN AUDIT COMMITTEE AND CARBON EMISSION DISCLOSURE IN ENERGY AND BASIC MATERIALS SECTORS

Stella Cahyadi; Stephana Dyah Ayu Ratnaningsih

doi:10.29303/jaa.v11i1.897

Authors

Stella Cahyadi Soegijapranata Catholic University
Stephana Dyah Ayu Ratnaningsih Soegijapranata Catholic University

DOI:

https://doi.org/10.29303/jaa.v11i1.897

Keywords:

Audit Committee, Carbon Emission Disclosure, Environmental Performance

Abstract

This paper explores the mediating role of environmental performance in the relationship between the audit committee and carbon emission disclosure. Using purposive sampling based on specific criteria, the final sample consists of 162 firm-year observations from 51 unique energy and basic materials firms registered on the Indonesia Stock Exchange in 2020-2024. As the number of observed firms in each year differs across the five-year study period, this study uses unbalanced panel data. Data analysis was performed in EViews 14, employing linear regression and the Sobel test to investigate correlations among variables. This study finds that audit committees are positively correlated with environmental performance (p-value = 0.0001) and carbon emission disclosure (p-value = 0.0287). Moreover, environmental performance is positively associated with carbon emission disclosure (p-value = 0.000). The Sobel test shows that environmental performance mediates the relationship between the audit committee and carbon emission disclosure, as depicted by the p-value of 0.0016. This research offers valuable insights for stakeholders, including enriching the literature on sustainability accounting, particularly regarding factors influencing carbon emission disclosure. In addition, it aims to provide practical guidance for regulators in Indonesia during the policy-making process on carbon emission reporting.

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