기업의 탄소정보공개프로젝트(CDP) 참여의 영향요인 분석: 제도주의 조직론을 중심으로

The purpose of this study is to explore the reasons why companies voluntarily disclose environmental information. Private companies are also beginning to participate in the role of fulfilling social responsibility and creating public value. For this reason, more and more companies are disclosing their environmental information through the publication of a sustainability report or company website. However, voluntary disclosure of environmental information is not compulsory by law, and the collection, processing, and disclosure of information requires the company’s human resource and cost. In addition, there is a risk that investors or environmental organizations will negatively evaluate the environmental information disclosed by the company. Nevertheless, the number of companies that voluntarily disclose environmental information is increasing. Therefore, the factors that drive voluntary participation of companies in the carbon information disclosure project promoted by a non-profit organization called ‘CDP’ were analyzed in this study through organizational institutionalism theory and stakeholder perspective. Event history analysis was used to confirm the probability of experiencing the ‘event’ of project participation. As a result of analysis using data from 2012 to 2017, the empowered actorhood of the company and coercive pressure had a significant positive(+) effect on the company’s voluntary disclosure of environmental information. And the stakeholder’s pressure had an inverted U-shaped effect. On the other hand, it was confirmed that the mimetic pressure had no effect. Through the results, it was confirmed as stakeholder pressure may not be linear that multiple factors act in the process of companies voluntarily disclosing their environmental information. In addition, factors that have a substantial impact on the survival of a company induce companies to participate in the CDP, suggests company’s voluntary environmental information disclosure is also an extension of the company’s choice for survival. © Gyeonggi Research Institute.