The Effect Of Environmental Performance And Economic Performance Of Carbon Emission Disclosure With Code Of Ethics As Variable Moderating

Abstract

The purpose of this study is to empirically examine the effect of environmental performance and
economic performance on the disclosure of carbon emissions with a code of ethics as a moderating variable.
The data collection focuses on manufacturing companies listed on the Indonesia Stock Exchange during the
2012-2016 period that are included in Proper with gold, green and blue ratings, as well as companies that
disclose carbon emissions reports. Samples that met the criteria of 260 company samples. This study found
that environmental performance has a positive effect on carbon emissions while economic performance has
no effect on disclosure of carbon emissions where both environmental performance and economic
performance are positive signals for investors in considering investment decision making. However,
company size has a positive influence on disclosure of carbon emissions. The code of ethics is not able to
moderate the environmental performance of carbon emissions disclosure, while the code of ethics is able to
moderate the economic performance of carbon emissions disclosure.