Corporate reporting on climate change is of increasing academic interest but is often
considered solely from the firm perspective. This article extends current knowledge by
considering how institutional pressures influence the greenhouse gas (GHG) reporting
practices of multinational oil and gas companies. The results show that regulation under the
EU emissions trading scheme and reporting according to the global reporting initiative (GRI)
guidelines leads to better quality and more extensive reporting. Although generally adopting …

Reporting on climate change is an area of increasing academic interest within the
sustainability reporting literature. While existing studies focus mainly on internal factors as
determinants of GHG reporting, fewer studies have focussed on the contextual factors which
may determine the GHG reporting practices of multinational companies. Using a
combination of strategic and institutional legitimacy theory along with stakeholder theory the
context in which multinational oil and gas companies operate is examined to determine …