Environmental Performance in Sustainability Assurance Its Key Role and Impact
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摘要
Our study aims to examine the relationship between environmental performance (EP) and the adoption of sustainability assurance (SA). In addition, the study determines the role of EP in explaining choices related to SA. We conducted an empirical study on French firms listed on the Paris stock exchange (CAC 40 index) spanning the period from 2012 to 2022. In order to estimate the econometric models, we utilized the Feasible Generalized Least Squares (FGLS) regression method. Our findings demonstrate that firms with good EP are more inclined to engage independent third parties. This engagement provides assurance for their sustainability reports compared to firms with poorer EP. In addition, our findings indicate that firms with poorer EP are more likely to select a higher assurance level compared to firms with good EP.
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